Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
TechFlow reported that Prime Core Technologies, the parent company of Prime Trust, said it lost $6 million in customer funds and $2 million in corporate funds due to its investment in TerraUSD. This investment, along with increased spending in October and November 2022, was one of the reasons for its bankruptcy filing.
Earlier this month, Prime Trust filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware.
Prime Trust's parent company, Prime Core Technologies, reported that the firm lost $6 million in customer funds and $2 million in corporate funds due to its investment in TerraUSD. This investment, along with increased spending in October and November 2022, was one of the reasons for its bankruptcy filing. Earlier this month, Prime Trust filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware.
Navigating Web3 tides with focused insights
