'The #Wallet Event': #Crypto #Startup #Bankrupt After Losing #Password to $38.9 Million Physical Crypto Wallet
Rather than write down the seed phrases, Prime Trust opted to laser etch them into a piece of steel called “Cryptosteel Hardware,” which are called “Wallet Access Devices” in the court filings. According to the filing, it lost these devices, which is why it can’t get back into the wallet.
#problem #technology #cryptocurrency #finance #economy #news
