Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
The company filed for bankruptcy in August.
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Sep 19, 2023 at 9:49 p.m. UTC
Sep 19, 2023
Prime Trust
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Prime Trust's CEO Says Firm Lost $8M in Doomed Terra Stablecoin Investment
Prime Trust CEO Jor Law said in a recent court filing that the crypto custodian lost a total of $8 million in a doomed investment in the terraUSD algorithmic stablecoin. "The...
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Aug 28, 2023 at 5:14 p.m. UTC
Aug 28, 2023
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Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says
A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, a court filing said
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Aug 25, 2023 at 9:46 a.m. UTC
Aug 25, 2023
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Caitlin Long on Custodia Bank Launch, State of Crypto Regulation
Crypto-friendly Custodia Bank announced a week ago that it launched to business customers in a number of states. Custodia Bank founder and CEO Caitlin Long joins "First Mover"...
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Aug 18, 2023 at 3:25 p.m. UTC
Aug 18, 2023
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Crypto Custodian BitGo Raises $100M Nearly Two Months After Scrapping Prime Trust Deal: Bloomberg
According to a new report from Bloomberg, BitGo has raised $100 million at a valuation of $1.75 billion. This comes nearly two months after the crypto custodian canceled its p...
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Aug 16, 2023 at 2:49 p.m. UTC
Aug 16, 2023
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Prosecutors Lob New Allegations at FTX's Sam Bankman-Fried; Europe's First Spot Bitcoin ETF
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Jacobi Asset Management lists Europe's first spot bitcoin exchange-traded fund (ETF). C...
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Aug 15, 2023 at 6:59 p.m. UTC
Aug 15, 2023
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Crypto Custodian Prime Trust Files for Bankruptcy
Beleaguered crypto custodian Prime Trust has filed for Chapter 11 bankruptcy protection on Monday, as the chill of crypto winter drags on. This comes after CoinDesk recently r...
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Aug 15, 2023 at 2:15 p.m. UTC
Aug 15, 2023
Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say
Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds.
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Aug 11, 2023 at 3:45 p.m. UTC
Aug 11, 2023
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Prime Trust Put Into Receivership Amid Shortfall in Funds, Charges It Misused Customer Money
The company is in an “unsafe or unsound condition” to conduct business, a filing with Nevada’s Department of Business and Industry Financial Institutions Division stated.
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Jul 18, 2023 at 9:14 p.m. UTC
Jul 18, 2023
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Prime Trust Is Having a Bad Month
The crypto custodian has been ordered to halt operations while its regulator looks to take it over.
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Jun 29, 2023 at 6:46 p.m. UTC
Jun 29, 2023