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Nevada Halts Cryptocurrency Custodian Company Fortress Trust

By: theblockbeats.news|2025/10/24 01:45:51

BlockBeats News, October 24th. According to Bloomberg, on October 22nd, the Nevada regulatory agency issued a cease-and-desist order to the cryptocurrency custody company Fortress Trust (now renamed Elemental Financial Technologies Inc.). Court documents show that the company is currently on the brink of bankruptcy, facing a significant mismatch between assets and liabilities. The regulatory agency explicitly stated in the order that Fortress's liquidity position is entirely insufficient to meet its customer obligations.

Key Market Information Discrepancy on October 24th - A Must-See! | Alpha Morning Report

Richard Heart's linked address sent 10,900 ETH to Tornado Cash