Nevada issues a stop-operation order to Crypto Custody Fortress Trust
Online reports that a court document showed that the troubled digital asset custodian Fortress Trust (recently renamed Elemental Financial Technologies Inc.) On the verge of bankruptcy, there is a serious gap between its assets and liabilities. Nevada regulators issued an operating cessation order to the custodian on October 22, saying Fortress's current liquidity situation was "completely unable to meet customers 'repayment obligations."
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.