Crypto custodian Prime Trust has sought Chapter 11 bankruptcy protection in Delaware, citing a significant discrepancy between its liabilities and assets. According to the company’s filing on 15 August, the company has between 25,000 to 50,000 creditors and owes between $100 million to $500 million, while holding assets valued at just $50 million to $100 million. Four associated entities, including Prime Core Technologies Inc. and Prime Digital, LLC are also included in this bankruptcy filing.
Source: https://cointelegraph.com
