Tag Archives: Banq

CoinspeakerPrime Trust Files for Bankruptcy Protection amidst Financial Struggles Prime Trust announced its intention to present a series of motions to the court. Prime Trust Files for Bankruptcy Protection amidst Financial Struggles

Prime Trust and most of its associates have come under undue problems. Prime Trust subsidiary Banq has filed for Chapter 11 bankruptcy protection in the United States District Court of Nevada. As reported by The Block, the decision to file comes only five days after the parent company reached an acquisition deal with BitGo due to its problems with embattled cryptocurrency exchange Celsius Network. Based on the filing, Banq currently has about $17.72 million in assets and a total liability...