Prime Trust News
Latest Prime Trust News
Prime Core Technologies, the parent entity of crypto custodian Prime Trust, reports an $8 million shortfall from TerraUSD investments. The loss was disclosed in an Aug. 24 filing with the Bankruptcy Court for the District of Delaware in the United States. The…
Cryptocurrency custodian fintech Prime Trust has filed for bankruptcy under Chapter 11 in the US. The company filed a voluntary petition for bankruptcy in the Eighth Judicial District Court of Nevada. Prime Trust has chosen John Guedry, former president of…
Prime Trust has been placed in receivership following a Nevada court approval of a petition against it. The crypto custody firm owes clients millions of dollars in fiat and crypto. Prime Trust, a once-bubbling digital assets custody firm, has officially…
The Nevada Financial Institutions Division has recently lodged a petition for receivership for Prime Trust citing operational instability and insolvency.
Prime Trust is facing financial troubles and a shortage of customer funds, leading to a cease-and-desist order from the Nevada FID
Digital assets custodian BitGo, will not be going forward with its planned acquisition of its rival crypto custody platform Prime Trust.Â
In a June 10 post on its verified Twitter account, TrueUSD informed its users that the minting of TUSD tokens via Prime Trust has been temporarily paused until further notice
Prime Trust’s Tom Brandl said the company prides itself in bringing new innovative products. They encourage the wider adoption of cryptocurrencies.
Signature Bank, a bitcoin (BTC)-friendly New York-based full-service commercial bank founded in 2001, has joined forces with Prime Trust, a Nevada-based tech-driven financial institution that claims to be focused on providing dependable infrastructure solutions for the digital economy. The alliance…
OKLink, a blockchain technology company, and Prime Trust, a chartered Trust Company based in Nevada released on Septemeber 4, the third audited trust holding report for USDK, a US Dollar-backed ERC-20 stablecoin. A Stablecoin You Can Trust OKLink, a wholly-owned subsidiary of the…
In a blog post published June 3, 2019, Malta-based cryptocurrency exchange OKEx announced that it’s subsidiary firm OKLink will launch a U.S. dollar-pegged stablecoin called USDK. Incoming: OKEx Stablecoin The stablecoin fever seems to be catching up with cryptocurrency exchanges…