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Category Banq

BitGo backs out of deal to acquire Prime Trust

BitGo backs out of deal to acquire Prime Trust

Cryptocurrency custodial company BitGo said it “has made the hard decision to terminate its acquisition” of rival firm custody Prime Trust, accordi...
Jun, 22, 2023
< 1 min read
by CryptoSlate
Bankruptcy Saga: Prime Trust Subsidiary Banq Joins The Queue

Bankruptcy Saga: Prime Trust Subsidiary Banq Joins The Queue

Recent legal disputes involving Prime Trust, a prominent custodian, and the temporary halt of TrueUSD (TUSD) minting have shed light on the challen...
Jun, 15, 2023
2 min read
by Bitcoinist
Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection

Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection

Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chap...
Jun, 14, 2023
2 min read
by Bitcoin News
Prime Trust’s payments company Banq plunges into bankruptcy

Prime Trust’s payments company Banq plunges into bankruptcy

Just as the acquisition of Prime Trust, the parent company of Banq, seemed to be proceeding with digital asset custodian BitGo, disaster struck. Ba...
Jun, 14, 2023
3 min read
by CryptoPolitan
Prime Trust’s Banq Files For Bankruptcy After Internal Lawsuit

Prime Trust’s Banq Files For Bankruptcy After Internal Lawsuit

Banq, a subsidiary of the troubled crypto custodian Prime Trust, has filed for bankruptcy in the United States District Court for the District of N...
Jun, 14, 2023
2 min read
by CoinCu News