Prime Trust vs BitGo

Prime Trust was a Las Vegas-based crypto custodian and infrastructure provider that collapsed in 2023 with a roughly $85 million customer-fund shortfall; a planned BitGo acquisition fell through and the company was placed in receivership and filed for bankruptcy.

Blockchain / Crypto

BitGo

Institutional digital-asset custody and prime-brokerage provider; listed on the NYSE after a January 2026 IPO.

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