Ripple's Brad Garlinghouse recently declared that Fortress Trust's Purcell had "built an impressive business with recurring revenue and a strong roster of both crypto-native and new-to-crypto customers."
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.
The move to appoint a receivership of Prime Trust was to help the firm determine what's best for its clients—a return to private management or complete liquidation of the company.
Nevada’s action against Prime Trust pokes a major hole in the ‘crypto bro’ mantra that SEC Chairman Gary Gensler is cracking down on.
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.
Tron founder Justin Sun has been given 21 days to respond to the civil charges, and failure to respond will result in a default judgment against him.
Only two months since entering 2023, thousands have been laid off in the digital currency industry, but hopes of a bull market remain, though it may not likely be the same as before.
Around 100 workers of Prime Trust were terminated as the firm faces financial woes brought about by COVID-19, with some sources saying the company also took a hit from the events in 2022.