![Nevada financial regulator petitions court to place Prime Trust into receivership Nevada financial regulator petitions court to place Prime Trust into receivership](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-06/cd18ff7e-4a04-4672-a978-5f4fe3adeb64.jpg)
Following the filing of a cease and desist order, Nevada’s Financial Institutions Division has again moved against crypto custodian Prime Trust by petitioning for the appointment of a receiver. In a June 26…
![Nevada FID Files Court Petition To Place Prime Trust In Receivership Over Financial Woes Nevada FID Files Court Petition To Place Prime Trust In Receivership Over Financial Woes](http://bitcoinmagazine.com/.image/c_limit,cs_srgb,h_1200,q_auto:good,w_1200/MTkzMjU1NjA1NDIxNTQ5MTIz/technical-bitcoin-development-pixel.png)
Nevada’s Financial Institutions Division has taken legal action against Prime Trust LLC, filing a court petition to place the company in receivership. The Division cited concerns about Prime Trust’s unsafe and unsound operations…