Nevada Halts Cryptocurrency Custodian Company Fortress Trust

By: theblockbeats.news|2025/10/24 09:45:51
0
Share
copy

BlockBeats News, October 24th. According to Bloomberg, on October 22nd, the Nevada regulatory agency issued a cease-and-desist order to the cryptocurrency custody company Fortress Trust (now renamed Elemental Financial Technologies Inc.). Court documents show that the company is currently on the brink of bankruptcy, facing a significant mismatch between assets and liabilities. The regulatory agency explicitly stated in the order that Fortress's liquidity position is entirely insufficient to meet its customer obligations.

-- Price

--

You may also like

Popular coins

Latest Crypto News

Read more