Latest Banq News

Top view of bankruptcy form, coins, calculator and glass jar with dollar banknotes on wooden table

Business 16 August 2023

Prime Trust files for bankruptcy, FDIC keeping eye on ‘crypto’

After being forced into receivership, Prime Trust has filed for bankruptcy and seeks protection covering its parent company Prime Core Technologies Inc, as well as Prime IRA LLC and Prime Digital LLC.

document with bankruptcy letters near calculator and gavel

Business 15 June 2023

Banq files for bankruptcy as Prime Trust’s struggles spread

Nevada-based 'crypto-friendly' payment processor Banq Inc's Chapter 11 bankruptcy filing lists around $18 million worth of assets, nearly all of which consists of the allegedly stolen property.