Prime Trust CEO: The company once used a discarded 98f hardware wallet address to store customer ETH assets

ChainCatcher news, according to Decrypt, Prime Trust CEO Jor Law stated that the company had used the 98f hardware wallet to store tokens and transferred its wallet to a system operated by Fireblocks in 2019, but did not realize that the migration from the old wallet to the new system was incomplete, nor did they realize that customers were still depositing funds into the 98f wallet address.

It was only when a user made a large ETH withdrawal that Prime Trust became aware of these errors, but the hardware wallet had already been discarded, containing over $45 million worth of ETH. To this day, Prime Trust still cannot access the 98f wallet.