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Alexander Leishman: Prime Trust estate seeks major recoveries from Bitcoin exchanges
Alexander Leishman warns that the Prime Trust estate is attempting to recover a substantial amount of money from several Bitcoin exchanges that previously depended on its services.
He advises users to self-custody their coins or, at the very least, use custodians who have independently built their own custody solutions and offer proof of reserves.
Leishman has previously reported that multiple diverse businesses recently joined River for Bitcoin treasury management, expanding Main Street adoption of digital assets, according to a recent article. He has also noted River’s integration with Plaid allows users to link accounts to services like Amex, Venmo, and Ramp to pay bills and transfer funds securely, as detailed in a separate update. These developments come as industry participants assess counterparty risk in crypto custody.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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