Odaily News According to sources within the company reported by CoinDesk, crypto custody firm Prime Trust appears to be preparing for a large-scale layoff, potentially eliminating up to 75% of its workforce.

As of the time of writing, Prime Trust has not responded to CoinDesk's request for comment on the current size of the company's staff or the scope of the layoffs. (CoinDesk)

In previous news, a judge approved the bankruptcy takeover request by the regulatory agency in Nevada against Prime Trust.