Riot Platforms completes transfer of digital assets to BitGo... custody agreement terminated
Original headline라이엇플랫폼스, 디지털자산 비트고 이전 완료…수탁 계약 종료
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Riot Platforms ($RIOT) completed the transfer of all digital assets held with NYDIG Trust to BitGo on October 29, automatically terminating the custody agreement it signed in 2023. The company disclosed the contract termination in an 8-K filing with the U.S. Securities and Exchange Commission, noting it incurred no early termination penalty for the asset migration. The move follows Riot's new custody agreement with BitGo Bank & Trust signed on October 7, with an October 14 filing outlining the procedure to shift assets and cash from NYDIG and end the prior arrangement once the transfer concluded. The shift consolidates Riot's digital asset custody under BitGo and removes NYDIG as a counterparty, a detail worth watching as publicly listed miners face heightened scrutiny over custody concentration and counterparty risk.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Riot Platforms (RIOT), BitGo, NYDIG Trust, SEC
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