Anchorage Digital CEO Highlights ‘Widespread’ Self-Custody Risks After Prime Trust Bankruptcy

Anchorage Digital CEO Diogo Monica highlighted the risks involved with using a third-party custodian after the bankruptcy of Prime Trust, a Nevada-based company that held digital assets for many crypto businesses. Monica wrote that the incident has served as a reminder of the risks of relying on an external custodian and urged companies to consider self-custody. He noted that securing digital assets can be secured effectively through analyzing risk preferences and utilizing modern security solutions.


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