On June 13, 2023, court documents revealed that Prime Trust's subsidiary Banq , Banq Company, has filed for Chapter 11 bankruptcy protection. The Chapter 11 filing was made in the state of Nevada and disclosed total assets of $17.725 million and liabilities of $5.4...

The troubled crypto lender says its purpose for the voluntary action is to enable a "comprehensive restructuring plan" that benefits all "stakeholders." Celsius Network, the crypto lender that is facing a liquidity crisis, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court...