Taiwan's Authorities Seizes $324.2M USDT in Crypto Laundering Case
Taiwan's law enforcement agencies take action against a cryptocurrency laundering case, leading to the seizure of $324.2 million USDT.
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Prime Trust subsidiary Banq files for bankruptcy protection
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Banq, a payments subsidiary of troubled crypto custodian Prime Trust, has filed for Chapter 11 bankruptcy protection in the United States District Court of Nevada.
According to the bankruptcy filing, Banq has total assets worth around $17 million and total liabilities of around $5 million. The filing comes less than a week after Prime Trust, Banq’s parent company, reached an acquisition deal with rival BitGo, pending approvals.
This is a developing story and will be updated.
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