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The transfer comes mere days after fellow custodian BitGo referred to as off its bid to amass Prime Belief, and follows a Nevada cease-and-desist order which alleged Prime Belief was close to insolvency. Tuesday’s order states that Prime Belief owes its shoppers north of $85 million in fiat, and has about $3 million in fiat foreign money available. The corporate owes an additional $69.5 million in crypto, and has $68.6 million available, the submitting stated.
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