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Prime Trust Unravels: Files for Bankruptcy after Acquisition Intent Fails

Prime Trust Unravels: Files for Bankruptcy after Acquisition Intent Fails
The Las Vegas-based cryptocurrency custodian Prime Trust has filed for Chapter 11 bankruptcy protection. This marks the latest setback for the financial technology company, which has faced a series of challenges over the past year, from regulatory intervention to failed acquisition attempts.The collapse of Prime Trust gained momentum when it was placed under receivership by the regulators in Nevada in June. This action was taken due to the company's insolvency and inability to serve its customer... Read More
Posted: Aug 15 2023, 18:13
Author Name: financemagnates
Views: 101934

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