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Prime Trust - Fortress - SWAN Bitcoin.... (Patreon)

Published:
2023-06-23 16:22:49
Imported:
2023-06

Content

Breaking news: A story of smoke and mirrors

Bitgo was going to acquire Prime Trust - but obviously, due diligence failed. 

Rumor has it Prime Trust lost keys or gambled with other people's Crypto. 

Prime Trust has recently been targeted in state action, including in Texas where it has agreed to cease operations. Stably, one of Prime Trust’s clients, also announced that it received notice from Prime Trust that the company had received a cease and desist from the Nevada Financial Institute Division and was “halting all deposits of fiat and digital assets for custody.”

Prime Trust also said "It also said that it would be “halting all withdrawals of fiat and digital assets for custody.”

Prime Trust Customers

Prime Trust Pivoted into a new Name - same founders - Called Fortress. 

(Fortress is run by the same founder of Prime Trust, not a Bitcoiner.)

3 weeks ago Swan pivoted away from Prime Trust to Fortress.   Swan Bitcoin has been delaying withdrawals over the past few weeks, according to my reports and Twitter.

I would bet my bottom dollar that Swan lost funds at Prime Trust.  The damage was done long before the pivot 3 weeks ago. 

Swan Bitcoin: The bitcoin-only platform’s problems persisted as Swan’s chief executive spent the last few years bashing rival exchanges and everyone else on Twitter.

"when one person is attacking everyone, you need to question the person doing the attacking" 


Comments

Anonymous

Well Corey Swan being rekt would be the definition of Irony.

Anonymous

I flipped to mstr in Schwab n feel safe as can be

Anonymous

Not a peach of a guy like Cory... Right up there with Bitboy as one of the most cringe people on crypto Twitter.

Anonymous

I don’t get the hate against Cory. Most of what he predicted came to fruition. 99.999% of all crypto projects are scams. Yes there are a couple of solid projects but that’s it. The longer you are in this space the more you see that this is true. There is only one really decentralized project and that is Bitcoin. I know I will get some flag for this comment but the hate for Cory - who actually helped a ton of people get their coins out before stuff collapsed is uncalled for in my personal opinion. (I should add that I have no affiliation with Swan or Corey nor have I used any of their services.)

Anonymous

does anyone here use river financial to DCA into BTC?

Anonymous

I defended James a while back on Twitter as he was really going for it. He was vicious in his replies to me. I’ll just grab some popcorn and a glass of red and watch Karma do it’s thing. Bitcoin and Vegetables 🙏🙏🙏

Anonymous

Ugh… such a disappointment. Anyone have a good alternative for swan?

Anonymous

Soo much schadenfreude. Peace and love is the only way forward Let’s all wish them well, they did not knowingly select criminal custodian

Anonymous

Swan was always shady and slimey

Anonymous

With all the chokepoint 2.0 the only exchange we haven't heard about is crypto com which is shady in everything they do. So I gues that's why SEC doesn't touch it and only go after legit businesses

Anonymous

That Cory is such a prize prick, doesn’t deserve the business. That said I hope depositors can get out unscathed.

Anonymous
>>111379955

He basically made bullshit up about James not giving money to animal charities and other nonsense, and stirred up a lot of crap. He’s a smug twat.

Anonymous
>>111379955

Ok I didn't know that? When was that? Obviously I was not referring to this incident, but to what Cory said about all the scam stuff that happened in the industry (Terra Luna, FTX and so on).

Anonymous
>>111379955

He has on so many occasions accused James of wrongdoing.. malicious attacks on his credibility. Not only James but other YouTubers that have done nothing wrong just blatantly accusing people. He is a rat in my eyes.

Anonymous
>>111379955

Ok again. I have not seen that. But he also warned a ton of people about the risk in the Terra Luna eco system and on FTX and helped them get their money out before it collapsed and he gets a lot of hate from the "crypto-community". Most bitcoiners do not give him shit as far as I can tell. But again - I have not seen that he attacked James. I have seen him attack other Youtubers but many are just spreading wrong information in order to pump their own bags and I think that is ok to call these individuals out. I follow James for years and have not seen him do that so not sure why Cory would attack James.