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Prime Trust

Ripple bails out Fortress Trust after hackers steal customer assets
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13 September, 2023

Ripple bails out Fortress Trust after hackers steal customer assets

Ripple's Brad Garlinghouse recently declared that Fortress Trust's Purcell had "built an impressive business with recurring revenue and a strong...
Prime Trust files for bankruptcy, FDIC keeping eye on ‘crypto’
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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...
Prime Trust pushed into receivership, has only 3% of customers’ cash
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29 June, 2023

Prime Trust pushed into receivership, has only 3% of customers’ cash

The move to appoint a receivership of Prime Trust was to help the firm determine what's best for its clients—a...
Nevada orders Prime Trust to cease & desist for failing to safeguard customer assets
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23 June, 2023

Nevada orders Prime Trust to cease & desist for failing to safeguard customer assets

Nevada’s action against Prime Trust pokes a major hole in the ‘crypto bro’ mantra that SEC Chairman Gary Gensler is...
Banq files for bankruptcy as Prime Trust’s struggles spread
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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...
SEC summons Tron’s Justin Sun, Binance praises regulators it won’t obey
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14 April, 2023

SEC summons Tron’s Justin Sun, Binance praises regulators it won’t obey

Tron founder Justin Sun has been given 21 days to respond to the civil charges, and failure to respond will...
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