2023-6-28 00:24 |
The Nevada Financial Institutions Division has recently lodged a petition for receivership for Prime Trust citing operational instability and insolvency. origin »
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Nevada regulators shut down Fortress Trust on Oct. 22, citing insolvency that left the custodian holding roughly $200,000 in cash against $8 million owed in fiat and $4 million in crypto. The cease-and-desist order marked the second major Nevada trust-company collapse in two years, following Prime Trust’s entry into receivership in June 2023.
2025-10-27 09:00 | |
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Regulators in Nevada filed a court petition to place Prime Trust LLC in receivership, according to an official press release on June 27. The Nevada Financial Institutions Division (NFID) said that it had asked courts to appoint a receiver to take control of Prime Trust’s daily operations.
2023-6-28 00:29 | |
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Nevada's Financial Institutions Division cited concerns over unsafe operations and insolvency as it took against Prime Trust.
2023-6-28 23:16 | |
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Nevada's financial regulator moved to court to appoint a receiver for Prime Trust The crypto custodian has serious deficiencies in funds in terms of its fiat holdings Crypto custodian - PrimThe post Crypto custodian Prime Trust has deficiency of over $82 million in fiat currency appeared first on AMBCrypto.
2023-6-27 22:00 | |
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Nevada's Financial Institutions Divisoin filed to appoint a receiver for crypto custodian on Prime Trust, the regulator announced on Tuesday.
2023-6-28 20:23 | |
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The United States Securities and Exchange Commission (SEC) has offered relief to US-based digital asset lender BlockFi by relinquishing their $30 million fine until investors are reimbursed. Related Reading: Nevada Regulators Order Prime Trust To Shut Down Operations – Here’s Why BlockFi Receives Temporary Relief On $30 Million Penalty According to a court document filed […]
2023-6-24 01:00 | |
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A leading Nevada-based digital assets custodian, Prime Trust, received a cease and desist order from state regulators on Thursday, June 22. This happened after the crypto custodian failed to satisfy customer withdrawal requests on June 21.
2023-6-23 18:00 | |
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Prime Trust is facing financial troubles and a shortage of customer funds, leading to a cease-and-desist order from the Nevada FID
2023-6-23 14:17 | |
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TrueUSD (TUSD) stated in a June 22 Twitter post that it is not affected by the issues faced by crypto custodial firm Prime Trust. Prime Trust was forced to suspend all deposits of fiat and digital assets by Nevada financial regulators on June 21 because it failed to safeguard assets under its custody and could […] The post TrueUSD maintains it has no exposure to Prime Trust despite community claims appeared first on CryptoSlate.
2023-6-23 13:27 | |
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Financial regulators in Nevada issued a cease and desist order against Prime Trust on June 21 after monitoring the company for solvency. In an email to CryptoSlate, the Nevada Financial Institutions Division (NFID) said it monitored the solvency of Prime Trust prior to a possible acquisition or merger.
2023-6-23 02:41 | |
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Nevada’s business regulator issued a cease and desist order to the crypto custodian, alleging it has a “shortfall of customer funds.”
2023-6-23 01:53 | |
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Crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry said Thursday.
2023-6-23 00:06 | |
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Banq, a subsidiary of the Nevada-based crypto custodian Prime Trust, has filed for bankruptcy in a US bankruptcy court in Nevada.
2023-6-14 16:56 | |
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Banq, a subsidiary of Prime Trust, has filed for bankruptcy in Nevada citing internal struggles and unauthorised transfers. Banq has accused former officers of stealing trade secrets to start competitive company.
2023-6-14 13:51 | |
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Banq, a subsidiary of crypto custodian Prime Trust, filed for bankruptcy in the U. S. District Court of Nevada on June 13. Banq specializes in payment processing for cryptocurrency businesses. In the bankruptcy filing, the firm listed assets of $17.
2023-6-14 12:28 | |
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Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter.
2023-6-9 22:24 | |
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Crypto exchange giant Huobi Group is set to make a return to the US market after securing a trust license. This was revealed by Huobi in a Tuesday filing with the Hong Kong Stock exchange. US Operations to Begin In 2021 Huobi revealed that the trust license was issued by the Nevada Financial Institutions DivisionRead More
2020-12-24 00:00 | |
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Huobi Group has found its way back into the United States. The Hong-Kong-based company announced that it acquired a trust license from the Nevada Financial Institutions Division for its wholly-owned sThe post Huobi exchange acquires Nevada Trust License and returns to the US appeared first on AMBCrypto.
2020-12-22 13:05 | |
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OKLink, a blockchain technology company, and Prime Trust, a chartered Trust Company based in Nevada released on Septemeber 4, the third audited trust holding report for USDK, a US Dollar-backed ERC-20 stablecoin.
2019-9-5 13:00 | |
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Prime Trust, a digital custodian for cryptos, has decided to use a very curious strategy in order to boost its share of the market. Now, the company will completely stop charging to keep custody of digital assets from its clients.
2019-2-1 06:21 | |
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Vertalo, a stakeholder registry and compliance platform for regulated security tokens today announced its latest partnership with Prime Trust, a Nevada Trust Company. Prime Trust offers compliant custody of crypto and traditional assets across all account types.
2018-9-5 00:11 | |
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Polymath, a company that provides a decentralized protocol and platform for security tokens, has signed a partnership with the SEC-regulated custodian Prime Trust. In this way, the startup enters the crypto custody market.
2018-8-29 18:23 | |
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The little U. S. Company known as Prime Trust has a played a prominent role in supporting dollar backed cryptocurrencies. The company is getting a taste for it, as it’s starting to compete with some of the larger cryptocurrency custodians.
2018-8-16 12:58 | |
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Prime Trust, a Nevada trust company, says it can handle custody for bitcoin, ether and any token issued on ethereum under the ERC-20 standard.
2018-8-15 11:00 | |
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The filing was dismissed because a U.S. judge who called the application a "bad faith" tactic.
New Zealand-based crypto exchange Dasset has gone into liquidation, denying customers access to their funds. Crypto custodian Prime Trust has also filed for bankruptcy. The post New Zealand-based Crypto Exchange Goes Bust Leaving Customers Stranded appeared first on BeInCrypto.
The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.
Prime Trust is facing financial troubles and a shortage of customer funds, leading to a cease-and-desist order from the Nevada FID
BitGo, a leader in digital asset trust and security, has announced that it has terminated its acquisition of Prime Trust, a technology-driven financial institution that provides custody and escrow services for the digital asset industry.
Stablecoin project TrueUSD said Thursday it had “no exposure” to embattled crypto services company Prime Trust as it raced to shore up confidence in its dollar-backed TUSD.