Crypto fintech Prime Trust’s CEO, Tom Pageler, was fired this week, CoinDesk has learned.
The abrupt firing marks the latest shakeup in crypto this month after FTX and Alameda Research’s market-shattering collapse. Even so, Prime Trust said it had no "counterparty exposure" to FTX or BlockFi, another recently felled crypto firm.
However, it did have inexplicable ties with the personal finances of FTX’s top brass. Former FTX CEO Sam Bankman-Fried held tens of millions of dollars with Prime Trust that he later sent to political campaigns, according to a series of contribution disclosures that erroneously stated Prime Trust as the donor but were later corrected. One of his top deputies, Nishad Singh, also sent donations through Prime Trust.
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