Nevada orders Fortress Trust to halt operations amid insolvency claims

Crypto NewsFriday, October 24, 2025 at 3:59:35 AM
Nevada orders Fortress Trust to halt operations amid insolvency claims
Nevada regulators have taken action against Fortress Trust, a crypto custodian, by ordering it to halt operations due to concerns over insolvency and unsafe business practices. This move highlights the increasing scrutiny on digital asset custodians as regulators aim to mitigate systemic risks in the crypto market. The situation is significant as it reflects the ongoing challenges faced by the industry and the need for stronger oversight to protect investors.
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