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Crypto Custodians Fortress Trust and Prime Trust Fail Due to Mismanagement

Published on October 28, 2025

Categories: Industry News Custodian Business Failure Risk Management

Serial crypto entrepreneur Scott Purcell has founded two separate crypto custodians, Fortress Trust and Prime Trust, both of which have collapsed following a strikingly similar pattern of financial mismanagement, raising concerns across the industry.

Scott Purcell has founded two crypto custodians that both collapsed after a disturbingly similar pattern of financial mismanagement.

The post Scott Purcell’s Fortress Trust fails like Prime Trust before it appeared first on Protos.

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