Tags: Nevada

Prime Trust Crypto Custodian Enters Chapter 11 Bankruptcy Amid Prolonged Crypto Winter

Nevada Woman Sentenced to 5 Years for Trying to Hire Hitman with Bitcoin

Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing.

The CEO and other top executives are being accused of a breach of fiduciary duties, unjust enrichment and waste of corporate assets.

The filing suggested Prime Trust had financial liabilities to its users totaling more than $82 million in fiat and $800,000 in crypto.

Nevada‘s business regulator issued a cease and desist order to the crypto custodian alleging it has a "shortfall of customer funds."

Nevada Man Faces Time Behind Bars for Alleged Role in CoinDeal Scam