#prime

3:33pm, 24th August, 2023

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 funds through investments in the algorithmic stablecoin.

Crypto Biz: Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub

5:11pm, 18th August, 2023

Crypto Wiki

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

6:24am, 15th August, 2023

Crypto Wiki

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 continue to follow the money.

Crypto custodian Prime Trust files for Chapter 11 bankruptcy

9:11pm, 14th August, 2023

Crypto Wiki

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

4:59pm, 18th July, 2023

Crypto Wiki

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 be permanently granted in an Aug. 22 hearing.

Nevada financial regulator petitions court to place Prime Trust into receivership

4:33pm, 27th June, 2023

Crypto Wiki

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 $800,000 in crypto.

Prime Trust's financials 'considerably deteriorated,' says Nevada regulator

6:09pm, 22nd June, 2023

Crypto Wiki

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 customer funds."

TrueUSD assures users it has no exposure to troubled Prime Trust

2:33pm, 22nd June, 2023

Crypto Wiki

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

8:00am, 14th June, 2023

Crypto Wiki

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

2:01pm, 10th June, 2023

Crypto Wiki

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.

Search by tag: #prime

Prime Trust parent company lost $8M investing in TerraUSD

Crypto Biz: Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub

Prime Trust bankruptcy spotted by crypto community months ahead

Crypto custodian Prime Trust files for Chapter 11 bankruptcy

Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing

Nevada financial regulator petitions court to place Prime Trust into receivership

Prime Trust's financials 'considerably deteriorated,' says Nevada regulator

TrueUSD assures users it has no exposure to troubled Prime Trust

Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal

TrueUSD stops minting via Prime Trust, loses dollar peg

Base's 'Onchain Summer' saw over 700K NFTs minted from 268K users in August

US Senate confirms Philip Jefferson as Federal Reserve vice chair

Google will allow ads for NFT games starting September 15

Alex Mashinsky's assets frozen by US court as part of criminal case

Bitcoin bids move to lowest since March as BTC price dips under $25.7K