Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says

CoinDesk reported:

Law, who took his role on Nov. 29 after serving on the board, also cited a January 2021 incident in which customers were told to send funds to the wrong wallet, inaccessible to the company, after which the company had to spend $76 million to buy ether (ETH) to fund withdrawal requests.

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