81: Custodian Going Bankrupt? | What's Going On With Prime Trust and How Does It Affect Swan, Strike, River | Binance and Coinbase Sued by the SEC

A deeper dive into the pros and cons of qualified custodians used by exchanges vs having your own infrastructure. A bankruptcy scare that led to speculation. Seems like Swan is doing just fine as it adds 85 jobs openings, triples the sales team and 15x's marketing spend.

A light touch on the Binance and Coinbase lawsuits as well.

Links from the show:

• Strike Twitter Thread of Updates, including infrastructure
• Strike Infrastructure Update Blog Post
• Binance Lawsuit from SEC
• Swan Signal on Binance/Qualified Custodians
• SEC sues Coinbase over exchange and staking programs, stock drops 12%
• SEC Sues Binance on 13 Charges
• Cory Klippsten on Qualified Custodians
• David Bailey's Original Twitter post on custodian going bankrupt
• Scott Purcell of Fortress Trust talking about his former company Prime Trust
• Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources
• Prime Trust
• Fortress Trust
• Bitgo
• BTC Sessions YouTube Tutorials
• Assessing Risk in Bitcoin Custody - Swan Blog

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