Cryptocurrency custody company Prime Trust may lay off 62 employees within two months

Hex Trust Gets Green Light for Cryptocurrency Custody in Dubai

Hex Trust obtains regulatory approval for cryptocurrency custody services in Dubai, advancing its Middle East expansion in line with the emirate's progressive regulations.

Prime Trust's Workforce Woes Persist with New Layoff Warning

Mere weeks after the company had initiated substantial reductions in its personnel, Prime Trust informed its workforce of the potential need to lay off 62 employees.

内华达州监管机构表示，Prime Trust无法满足客户提款需求

内华达州的商业监管机构对虚拟货币托管机构Prime Trust发出了立即停业和禁止商业活动的命令，称其存在“客户资金短缺”的问题。

Nevada regulator says Prime Trust can't meet all client withdrawals

The Nevada Financial Institutions Division said Thursday that crypto custodian Prime Trust could not meet all customer withdrawals.

TrueUSD reassures users of no exposure to Prime Trust amid regulatory challenges

TUSD's volatility triggers fluctuations in loan markets, with borrowing rates surging, highlighting the potential for depegging scenarios.

Prime Trust subsidiary Banq files for bankruptcy protection

Banq, a subsidiary of Prime Trust, has filed for bankruptcy protection. The filing comes just five days after Prime Trust reached an acquisition deal with BitGo.

Coinbase to List PRIME ($PRIME)

Trust Wallet Clears the Air on Mysterious $4 Million User Hack

Contrary to certain rumors, Trust says user funds cannot be pilfered by merely taking a picture of its wallet’s screen.

Coinbase Custody holds 635,000 BTC on behalf of Grayscale

Digital investment firm Grayscale has also declined to share proof of reserves, citing security concerns.

Celsius Sues Prime Trust over $17 Million in Crypto Assets