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Up to $500M in liabilities as crypto custodian Prime Trust files Chapter 11 bankruptcy

Prime Trust, LLC, a prominent player in digital asset custody, has filed voluntary petitions for Chapter 11 bankruptcy. According to a report released by the company on Aug. 14, the proceedings are expected to provide a “transparent and value-maximizing process for the benefit of its clients and stakeholders.” The Nevada-based company is known for its […]

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