Source: Insider: Prime Trust may lay off 75% of staff Translation: Insider reports that Prime Trust may lay off 75% of its staff.

According to a BlockBeats report on August 12th citing anonymous sources, cryptocurrency custody firm Prime Trust appears to be preparing for potential large-scale layoffs. The sources, who requested anonymity, cited information heard from within the company that the layoff percentage could reach 75%. Prime Trust has not immediately responded to CoinDesk's request for comment on the current size of the company's workforce or the scope of any layoffs.