Prime Trust parent company lost $8M investing in TerraUSD
Prime Core Technologies said that “under prior management" it had lost $6 million in user funds and $2 million treasury...
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Crypto Biz: Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub
This week's Crypto Biz explores Binance Connect shutdown, BitGo's funding round, PayPal Crypto Hub, and other news.
Prime Trust bankruptcy spotted by crypto community months ahead
Months before Prime Trust filed for Chapter 11 bankruptcy, online sleuths in the crypto community were on the case and c...
Crypto custodian Prime Trust files for Chapter 11 bankruptcy
The crypto custodian's bankruptcy comes as it's been unable to honor customer withdrawals for months.
Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing
Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not...
Nevada financial regulator petitions court to place Prime Trust into receivership
The filing suggested Prime Trust had financial liabilities to its users totaling more than $82 million in fiat and $800,...
Prime Trust's financials 'considerably deteriorated,' says Nevada regulator
Nevada's business regulator issued a cease and desist order to the crypto custodian alleging it has a "shortfall of cust...
TrueUSD assures users it has no exposure to troubled Prime Trust
Stablecoin issuer TrueUSD maintains that it is not affected by the current challenges facing Prime Trust.
Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal
Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress Group.
TrueUSD stops minting via Prime Trust, loses dollar peg
The recent depeg comes as TrueUSD team announced a pause on TUSD minting through Prime Trust until further notice.
