The crypto industry is embracing self regulation. It’s time Washington gets on board

Proof-of-reserve measures aren't a substitute for standard audits. They make them better.

• 2023-07-24
• Prime Trust accounting system digital asset financial assets attestation Kirsten Gillibrand

Nevada Files to Place Crypto Custodian Prime Trust Into Receivership

Move follows cease-and-desist order as regulator points to shortfall of roughly $83 million in customer funds.

• 2023-06-28
• Prime Trust

Nevada Forces Crypto Custodian Prime Trust to Shut Down

Nevada regulators are moving to shut down crypto custodian Prime Trust after finding it owed millions to customers.

• 2023-06-28
• Prime Trust Nevada Eighth Judicial District Court

Crypto Firm Prime Trust Placed Into Receivership

A court filing in Nevada has revealed crypto custodian Prime Trust only has 3.5% of the cash owed to its clients as the firm is placed into receivership.

• 2023-06-28
• Prime Trust crypto Financial Institutions Division crypto wallets

Crypto Custodian Prime Trust Teeters on the Brink of Collapse

The company previously stored assets and provided banklike services to crypto firms Binance.US, FTX and Celsius.

• 2023-06-25
• Prime Trust

Crypto Custodian BitGo to Acquire Prime Trust

Crypto custodian and enterprise wallet provider BitGo has announced its intention to acquire fintech infrastructure company Prime Trust.

• 2023-06-09
• Prime Trust BitGo

BitGo to Acquire Rival Crypto Custodian Prime Trust

Crypto custodian BitGo has reached a preliminary agreement to buy rival Prime Trust, a Nevada-based firm that custodies crypto and helps digital-asset companies park cash at network banks. The news was first reported by CoinDesk.

• 2023-06-09
• Prime Trust

Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources

Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter.

• 2023-06-09
• Prime Trust BitGo Wall Street Journal Prime Trust Interim CEO