Nevadas Financial Institutions Division dropped the hammer on Fortress Trust, the crypto custodian based in the Silver State, after discovering an $11 million hole in client funds, according to a regulatory enforcement filing unearthed by DL News. Fortress Trust Meltdown: Regulators Step In as Firm Admits Insolvency A few years ago in 2023, Bitcoin.com News []
Report: Nevada Regulators Freeze Crypto Custodians Activities After Discovering $11M Shortfall
Bitcoin.com - 30 Oct 2025 14:30
Nevadas Financial Institutions Division dropped the hammer on Fortress Trust, the crypto custodian based in the Silver State, after discovering an $11 million hole in client funds, according to a regulatory enforcement filing unearthed by DL News. Fortress Trust Meltdown: Regulators Step In as Firm Admits Insolvency A few years ago in 2023, Bitcoin.com News []
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