Prime Trust, which was used by SBF as a channel for political donations, has fired its CEO

ChainCatcher news, according to CoinDesk, the president and CEO of the crypto custodian Prime Trust, Tom Pageler, has been fired this week. According to his LinkedIn profile, Pageler has been at the helm of Prime Trust since January 2021, and the reason for his dismissal is currently unclear. Prime Trust issued a statement indicating that Jor Law will serve as the interim CEO and that Pageler has been adjusted to a new role.

It is reported that Prime Trust has personal financial ties with FTX executives, with SBF holding tens of millions of dollars in assets at the company and making donations for political campaigns. (CoinDesk)