The state of Nevada issues a stop operation order to the cryptocurrency accomplice Fortress Trust.

[Nevada Issues Cease and Desist Order to Crypto Custodian Fortress Trust] A court document shows that the troubled digital asset custodian Fortress Trust (recently renamed Elemental Financial Technologies Inc.) is on the brink of bankruptcy, with a severe gap between its assets and liabilities. The Nevada regulatory agency issued a cease and desist order to the custodian on October 22, stating that Fortress's current liquidity situation “completely fails to meet its customer payment obligations.”

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