⛔️ Important points to note about #PrimeTrust :
1. The planned acquisition of Prime Trust by #BitGO has been canceled.
2. Prime Trust has filed for bankruptcy and has received a cease and desist order from Nevada regulators.
3. Prime Trust serves as the custodian partner for BinanceUS, #CoinMetro, and TUSD assets.
4. There have been concerns raised about the creation of a significant amount of TUSD out of thin air, and Binance has introduced incentives to encourage users to trade with TUSD.
5. Users have received emails from #TUSD informing them that they can no longer redeem or create new TUSD due to issues related to Prime Trust.
6. On #BinanceUS, USDT has experienced a depegging, and #BNB is facing challenges in maintaining a price above $250 despite a positive market trend.
Recent pump could be a bull trap!
1. The planned acquisition of Prime Trust by #BitGO has been canceled.
2. Prime Trust has filed for bankruptcy and has received a cease and desist order from Nevada regulators.
3. Prime Trust serves as the custodian partner for BinanceUS, #CoinMetro, and TUSD assets.
4. There have been concerns raised about the creation of a significant amount of TUSD out of thin air, and Binance has introduced incentives to encourage users to trade with TUSD.
5. Users have received emails from #TUSD informing them that they can no longer redeem or create new TUSD due to issues related to Prime Trust.
6. On #BinanceUS, USDT has experienced a depegging, and #BNB is facing challenges in maintaining a price above $250 despite a positive market trend.
Recent pump could be a bull trap!