Crypto Custodian Prime Trust Files for Chapter 11 Bankruptcy Following Shortfall in Customer Funds

08/15 06:41

Prime Trust, a crypto custodian, has filed for Chapter 11 Bankruptcy in Delaware due to a shortfall in customer funds. The company has estimated liabilities between $100 million to $500 million, compared to $50 million to $100 million worth of estimated assets. The entities filing for Chapter 11 relief include Prime Core Technologies Inc., Prime Trust, LLC, Prime IRA LLC, and Prime Digital, LLC.

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