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Results for Prime Trust

8 stories, newest first

The Prime Trust estate has won a $9M default judgement against Justin Sun-owned Poloniex after it failed to answer the clawback suit.

Coinmetro, an Estonian-based cryptocurrency exchange, has filed for bankruptcy, blaming the failure on one or several financial partners.

Two crypto custodians involving Scott Purcell both collapsed after a disturbingly similar pattern of financial mismanagement.

Aug 15, 2023 — Binance, Prime Trust

Prime Trust has filed for chapter 11 bankruptcy following months of trouble that escalated after Binance US was sued by the SEC.

Nevada's financial regulator has warned Prime Trust will do "irreparable harm" and that it has $83 million in liabilities.

Jun 22, 2023 — BitGo, Crypto

Prime Trust has closed deposits and withdrawals after receiving a cease and desist from Nevada as BitGo pulls out of its acquisition.

Jun 14, 2023 — Banq, Crypto

Banq currently has around $5,000 in cash on hand but hopes that pursuing Scott Purcell can result in a recovery that will hand it $9 million.

Jun 9, 2023 — Binance US, Crypto

Depositors at Binance and Swan Bitcoin have accused Prime Trust of delaying withdrawals amid bank run fears and a buyout by BitGo.