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Coin Edition 2023-06-14 12:48:00

Prime Trust Subsidiary Banq Files for Chapter 11 Bankruptcy

The beleaguered crypto custodian Prime Trust’s subsidiary Banq officially filed for bankruptcy in the U.S. bankruptcy court in the district of Nevada. According to the filings, Banq disclosed its assets totaling around $17.72 million, while its liabilities amount to $5.4 million. The bankruptcy filing comes just a week after BitGo Holdings, Inc., signed a non-binding The post Prime Trust Subsidiary Banq Files for Chapter 11 Bankruptcy appeared first on Coin Edition .

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