Crypto custodian PrimeTrustCo has been ordered by the Eighth Judicial District Court of Nevada to be put into receivership amid a shortfall in customer funds and charges it misused customer money. HeleneBraunn reports
Crypto custodian Prime Trust has been ordered by the Eighth Judicial District Court of Nevada, where the company has its headquarters, to be put into receivership after the state ordered the company to cease all activities amid a shortfall in customer funds and accusations that it used customer funds to meet withdrawal requests.
According to the filing with Nevada’s Department of Business and Industry Financial Institutions Division, Prime Trust’s overall financial condition has been “considerably deteriorated to a critically deficient level” which leaves the company in an “unsafe or unsound condition to transact business.” The company’s operations will be taken over by John Guedry, president of Bank of Nevada, the filing stated.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Prime Trust receivership is approved by Nevada judgeA Nevada district court judge approved an petition to place embattled crypto custodian Prime Trust into a state regulator’s receivership, according to a recent court filing.
Leer más »
Jets receivers will be put to ‘test’ with critical Aaron Rodgers signalsThe Jets are about to green-light Aaron Rodgers to install signals at the line of scrimmage.
Leer más »
Suspected Gilgo Beach killer 'put love notes in my locker': high school classmateRex Heuermann allegedly killed at least three women and left their bodies on Gilgo Beach on Long Island. He pleaded not guilty to all charges.
Leer más »
Canadian wildfires put nearly 60 million US residents under air quality alerts | CNNCanadian wildfire smoke continues to plague the United States, triggering air quality alerts for at least 11 states across the northern Plains, Midwest, and Great Lakes region Sunday.
Leer más »
Construction put on hold for hundreds of affordable apartments in AustinThe projects would have brought some relief to the city's years-long affordable housing waitlist. The delays are another setback to the city's goal of bringing tens of thousands more affordable apartment units to Austin by 2027.
Leer más »
This Evenflo two-seater stroller is less than its Prime Day price on Amazon🎶 Stroll, stroll, stroll your kid, gently down the street 🎶
Leer más »