NV Financial Institutions Division - Press Releases

Eighth Judicial District Court Appoints Receiver for Elemental Financial Technologies and Subsidiaries

The Nevada Financial Institutions Division secured a court order appointing John Guedry as permanent receiver for Elemental Financial Technologies, Inc. (formerly Fortress Blockchain Technologies) and its subsidiaries including Fortress Trust, LLC. The receiver now has full authority over all company assets including financial accounts, digital assets, customer records, software systems, and intellectual property. All officers, employees, agents, and affiliates are prohibited from transferring or disposing of assets without receiver approval, and creditors and investors are barred from interfering with the receivership. The receiver must file an inventory of company assets within 45 days.