Prime Core/Prime Trust chapter 11 bankruptcy court hearing, August 25 2023. Delaware bankruptcy case 23-11161. #crypto
Description
For more information about the bankruptcy proceedings, including filings on the bankruptcy court's docket, see https://cases.stretto.com/primetrust
Per Decrypt:
Crypto Custodian Prime Trust Files for Bankruptcy
A former Bank of Nevada president will oversee the Chapter 11 process, which may include the sale of all remaining Prime Trust assets.
By Decrypt AI, Edited by Ryan Ozawa
Aug 15, 2023
Las Vegas-based cryptocurrency custodian Prime Trust filed for Chapter 11 bankruptcy protection on Monday, the latest setback for the troubled financial technology company.
The bankruptcy filing follows Prime Trust's placement into receivership in late June by Nevada regulators, who determined the company was insolvent and unable to service customers. That action came after a series of difficulties for Prime Trust and companies connected to it over the past year....
[For more see https://decrypt.co/152508/prime-trust-chapter-11-bankruptcy]
United States
