Prime Trust | ForkLog

ForkLog 8 25.08.2023

Prime Trust loses $8 million on Terra stablecoin investments.

The crypto custodian Prime Trust spent $6 million of client funds and $2 million of its own cash on investments in the collapsed algorithmic stablecoin TerraUSD (UST).

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ForkLog 10 15.08.2023

Crypto custodian Prime Trust files for bankruptcy

Prime Trust filed a bankruptcy petition under Chapter 11 of the United States Code in a Delaware court.

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ForkLog 9 19.07.2023

Court appoints a receiver for Prime Trust

The District Court of Nevada ordered Prime Trust, the crypto custodian, to enter receivership and named its receiver as John Gedri, president of Bank of Nevada.

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ForkLog 6 28.06.2023

Nevada Regulator Seeks Prime Trust Bankruptcy

The Nevada Department of Business and Industry filed in court a petition to bar Prime Trust, the crypto custodian, from any business operations and appoint a bankruptcy trustee for the company.

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ForkLog 8 23.06.2023

Prime Trust freezes withdrawals after Nevada regulator order

Crypto custodian Prime Trust suspended deposits and withdrawals in fiat and digital assets following the Nevada Department of Business and Industry's order.

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ForkLog 18 22.06.2023

BitGo abandons bid to acquire Prime Trust, a crypto custodian

BitGo, the custodian, declined to acquire Prime Trust.

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ForkLog 4 14.06.2023

Prime Trust’s payments unit files for bankruptcy

Banq, the payments subsidiary of the crypto custodian Prime Trust, filed for Chapter 11 bankruptcy protection in the United States District Court for the District of Nevada.

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ForkLog 9 09.06.2023

BitGo to Acquire Crypto Custodian Prime Trust

BitGo, the custodian, has signed a letter of intent to acquire 100% of Prime Core Technologies, which includes the cryptocurrency custodian Prime Trust.

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ForkLog 7 31.01.2023

Media reports indicate Prime Trust cuts a third of its staff

The infrastructure-focused crypto company Prime Trust laid off a third of its staff. CoinDesk reported.

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ForkLog 8 21.10.2022

Crypto Custodian Prime Trust to Return $17 Million in Tokens to Celsius Network

The crypto custodian Prime Trust has agreed to return $17 million in tokens to the Celsius Network lending platform, which is undergoing restructuring. CoinDesk reports.

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ForkLog 11 24.08.2022

Celsius files lawsuits against DeFi contractor KeyFi and crypto custodian Prime Trust

Celsius Network has filed a counterclaim against former contractor KeyFi and its founder Jason Stone. The Block reports.

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ForkLog 7 23.06.2022

Prime Trust raises $107 million to expand crypto custody business

Prime Trust, a provider of fintech and digital-asset infrastructure, raised $107 million in a Series B round.

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