17 votes

The wallet event: Crypto startup company tells bankruptcy judge it has lost the password to a 38.9 million dollar physical crypto wallet

Posted by boxer_dogs_dance
Tags: cryptocurrency, business, usa, prime trust, legal, judges, bankruptcy, startups, passwords, technology, author.jason koebler, source.404media
https://www.404media.co/crypto-startup-prime-trust-files-for-bankruptcy-after-losing-password-to-38-9-million-crypto-wallet/

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Published
Aug 25 2023
Word count
668 words

2 comments

  1. Barbox
    Link
    So they had the seed phrases laser etched into a piece of metal, which they then lost. But copies of it likely exist somewhere along the chain of devices used to do the laser etching. Here's...

    So they had the seed phrases laser etched into a piece of metal, which they then lost. But copies of it likely exist somewhere along the chain of devices used to do the laser etching. Here's betting they conveniently recover access after the bankruptcy goes through, though no one will hear about it just like they didn't tell anyone for months that they lost access in the first place.

    15 votes
  2. vord
    Link
    Mandatory Web3 is Going Great link for other crypto news (search prime trust for some history). I'm not even joking about mandatory....I think it should be part of the Link information on anything...

    Mandatory Web3 is Going Great link for other crypto news (search prime trust for some history). I'm not even joking about mandatory....I think it should be part of the Link information on anything tagged cryptocurrency.

    13 votes