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#primetrust — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #primetrust, aggregated by home.social.

  1. @JessTheUnstill interesting fact: the #Synapse partner bank where all these issues are stemming from, Evolve Bank & Trust, has a bunch of fun properties:

    1. Issuer of the #FTX debit card
    2. Used by George Santos and Andy Ogles to store campaign funds
    3. Banking partner of #PrimeTrust, the Nevada crypto custody company that collapsed in 2023
    4. Banking partner of #BlockFi, one of the crypto "banks" that went down with the good ship FTX.
    5. Recently hacked by Russians
    6. Recently hit with a major fed enforcement action

    Also Synapse was backed in a big way by Trump loving #a16z and Marc Andreessen.

    Some more details:

    fintechbusinessweekly.substack

    #marcandreessen #EvolveBank #EvolvebankAndTrust #crypto #cryptocurrency #Bitcoin #ethereum #BTC

  2. Just in case you were wondering why yes, there is a #crypto angle to the massive #TDBank money laundering scandal.

    Turns out a big chunk of the fines levied by #FinCen for the massive drug money laundering facilitated by TD Bank was because "over $420 million [sent] to a financial institution offering cryptocurrency services in the high-risk jurisdiction of #Colombia."

    Curious if anyone has any guesses as to what crypto company that is or was.

    edit: my current guess is that the crypto company is #Kado, a Colombian company that trades crypto for cash and prepaid debit cards and uses #FortressTrust (FKA #PrimeTrust, a #Nevada company long rumoured to be connected to the italian mafia), to do (probably fake) KYC/AML.

    #drugcartels #stockmarket #banking #banks #finance #moneylaundering #uspol #canada #canadapol #canadianpolitics #cryptocurrency #bitcoin #BTC #USDT #USD #crime #cartels #drugcartels #organizedCrime

  3. Just in case you were wondering why yes, there is a #crypto angle to the massive #TDBank money laundering scandal.

    Turns out a big chunk of the fines levied by #FinCen for the massive drug money laundering facilitated by TD Bank was because "over $420 million [sent] to a financial institution offering cryptocurrency services in the high-risk jurisdiction of #Colombia."

    Curious if anyone has any guesses as to what crypto company that is or was.

    edit: my current guess is that the crypto company is #Kado, a Colombian company that trades crypto for cash and prepaid debit cards and uses #FortressTrust (FKA #PrimeTrust, a #Nevada company long rumoured to be connected to the italian mafia), to do (probably fake) KYC/AML.

    #drugcartels #stockmarket #banking #banks #finance #moneylaundering #uspol #canada #canadapol #canadianpolitics #cryptocurrency #bitcoin #BTC #USDT #USD #crime #cartels #drugcartels #organizedCrime

  4. Just in case you were wondering why yes, there is a #crypto angle to the massive #TDBank money laundering scandal.

    Turns out a big chunk of the fines levied by #FinCen for the massive drug money laundering facilitated by TD Bank was because "over $420 million [sent] to a financial institution offering cryptocurrency services in the high-risk jurisdiction of #Colombia."

    Curious if anyone has any guesses as to what crypto company that is or was.

    edit: my current guess is that the crypto company is #Kado, a Colombian company that trades crypto for cash and prepaid debit cards and uses #FortressTrust (FKA #PrimeTrust, a #Nevada company long rumoured to be connected to the italian mafia), to do (probably fake) KYC/AML.

    #drugcartels #stockmarket #banking #banks #finance #moneylaundering #uspol #canada #canadapol #canadianpolitics #cryptocurrency #bitcoin #BTC #USDT #USD #crime #cartels #drugcartels #organizedCrime

  5. Just in case you were wondering why yes, there is a #crypto angle to the massive #TDBank money laundering scandal.

    Turns out a big chunk of the fines levied by #FinCen for the massive drug money laundering facilitated by TD Bank was because "over $420 million [sent] to a financial institution offering cryptocurrency services in the high-risk jurisdiction of #Colombia."

    Curious if anyone has any guesses as to what crypto company that is or was.

    edit: my current guess is that the crypto company is #Kado, a Colombian company that trades crypto for cash and prepaid debit cards and uses #FortressTrust (FKA #PrimeTrust, a #Nevada company long rumoured to be connected to the italian mafia), to do (probably fake) KYC/AML.

    #drugcartels #stockmarket #banking #banks #finance #moneylaundering #uspol #canada #canadapol #canadianpolitics #cryptocurrency #bitcoin #BTC #USDT #USD #crime #cartels #drugcartels #organizedCrime

  6. Just in case you were wondering why yes, there is a #crypto angle to the massive #TDBank money laundering scandal.

    Turns out a big chunk of the fines levied by #FinCen for the massive drug money laundering facilitated by TD Bank was because "over $420 million [sent] to a financial institution offering cryptocurrency services in the high-risk jurisdiction of #Colombia."

    Curious if anyone has any guesses as to what crypto company that is or was.

    edit: my current guess is that the crypto company is #Kado, a Colombian company that trades crypto for cash and prepaid debit cards and uses #FortressTrust (FKA #PrimeTrust, a #Nevada company long rumoured to be connected to the italian mafia), to do (probably fake) KYC/AML.

    #drugcartels #stockmarket #banking #banks #finance #moneylaundering #uspol #canada #canadapol #canadianpolitics #cryptocurrency #bitcoin #BTC #USDT #USD #crime #cartels #drugcartels #organizedCrime

  7. 🤑 George Santos and Andy Ogles, two well known pillars of virtue, held their campaign's money at the same bank that issued the #FTX debit cards, partnered with organized crime connected #crypto disaster #PrimeTrust, and can't find tens of millions of dollars of #Yotta's customers' money... #EvolveBank

    details at the always excellent Fintech Business Weekly here: fintechbusinessweekly.substack

    oh, and also: #DanFriedberg, the lawyer for FTX, #Tether, and the #UltimateBet fraud, was one of Santos's biggest donors 🤔

    #moneylaundering #uspol #uspolitics #election2024 #2024Election #AndyOgles #GeorgeSantos #corruption #Synapse #Yotta #EvolvebankAndTrust #cryptocurrency #SBF #Russia #China #fintech

  8. Anchorage Digital CEO Highlights 'Widespread' Self-Custody Risks After Prime Trust Bankruptcy - The collapse of crypto custodian Prime Trust in recent months has underscored the inheren... - cryptonews.com/news/anchorage- #anchoragedigital #blockchainnews #primetrust #custody

  9. Remember when an idiot lost millions worth of crypt0 on a hard drive that went to the dump?
    Well this time it's not the hard drive with the crypt0 that's been lost, but the 'key' to the crypt0, printed out on a "Armageddon proof" metal card.

    fucking incredible....

    #PrimeTrust #W3IGW

    newsletter.mollywhite.net/i/13

  10. Spaß mit Krypto.

    Krypto-Start-up verliert Wallet-Zugriff und geht pleite.
    Das Start-up #PrimeTrust hat die #SeedPhrase für eine millionenschwere #Krypto-Wallet in Stahl graviert. Verloren ging sie am Ende dennoch.

  11. Gute Idee: Backup-Token für wichtige #Krypto-Wallets auf Stahlplatte gravieren. Schlechte Idee: Die Stahlplatte verbummeln. Das Startup #PrimeTrust ist deshalb jetzt pleite. winfuture.de/news,138143.html?

  12. Prime Trust Crypto Custodian Enters Chapter 11 Bankruptcy Amid Prolonged Crypto Winter - On Monday, Las Vegas cryptocurrency custodian Prime Trust filed for Chapter 11 bankruptcy... - cryptonews.com/news/prime-trus #blockchainnews #primetrust #bankruptcy #chapter11 #nevada

  13. Prime Trust Put Into Receivership Amid Shortfall in Funds, Charges It Used Customer Money to Buy Crypto - Crypto custodian Prime Trust has been ordered by the Eighth Judicial District Court of Ne... - coindesk.com/business/2023/07/ #primetrust #regulation #finance #news

  14. Prime Trust Faces Closure as Nevada Regulators Take Action – Another Bear Market Victim? - Crypto custodian Prime Trust is facing imminent closure as Nevada regulators move to shut... - cryptonews.com/news/prime-trus #blockchainnews #primetrust #regulation

  15. Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $31,000 Following Prime Trust Liquidation - After briefly rising above $31,000, bitcoin consolidated on Wednesday, as bulls mo... - news.bitcoin.com/bitcoin-ether #marketupdates #primetrust #analysis #ethereum #bitcoin #btc #eth

  16. Despite Abandoning Prime Trust Deal, BitGo Eyes Other Acquisitions - After abandoning the Prime Trust deal, BitGo CEO Mike Belshe has said that there are seve... - cryptonews.com/news/despite-ab #blockchainnews #primetrust #coinbase #bitgo