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Kingdom Trust locks in legal fight with BitGo and Bitcoin IRA after 5 purported clients file suit
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Quick Take
- Cryptocurrency custodian Kingdom Trust filed a lawsuit against Bitcoin IRA and BitGo last week; now, five purported former clients have sued the company for delaying transferring their funds from Kingdom Trust to BitGo
- In the original lawsuit, Kingdom Trust alleged Bitcoin IRA and BitGo misled its clients into believing that their digital assets were not safe with Kingdom Trust and encouraged them to sue the company
Kingdom Trust, one of the oldest custodians in the cryptocurrency market, may have jinxed itself. In August, the South Dakota-incorporated company brought BitGo and Bitcoin IRA to court, accusing the two of deceiving its clients and even misleading some to sue the company. A few weeks later, five alleged Kingdom Trust clients indeed filed a […]
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