Prime Core Technologies Inc.

  1. November 21, 2024

    Prime Core's Ch. 11 Trust Sues To Reclaim $10M Payout

    The liquidating trust for Prime Core Technologies Inc., a troubled cryptocurrency technology business, sued in Delaware bankruptcy court Thursday to claw back what it described as a fraudulent transfer of more than $10 million that was paid to a creditor while the company was insolvent. 

  2. December 19, 2023

    Crypto Custodian Prime Core Gets Final OK For Ch. 11 Plan

    A Delaware bankruptcy judge said Tuesday she will grant final approval to cryptocurrency custodian Prime Core's Chapter 11 plan, overriding an objection by the U.S. Trustee's Office and leaving the company to pivot to a transitional wind-down plan with an administrator who will seek the return of customer funds.

  3. December 13, 2023

    US Trustee Asks Court To Reject Prime Core Releases

    The U.S. Trustee's Office took issue with crypto tech company Prime Core Technologies' Chapter 11 plan, claiming it includes broad liability releases and doesn't jibe with the Bankruptcy Code.

  4. December 06, 2023

    Prime Core Wants $10M Loan To Fund Ch. 11 Wind-Down

    Bankrupt crypto tech business Prime Core Technologies has asked a Delaware court for permission to borrow $10 million in debtor-in-possession financing from a customer and unsecured creditor to tide it over until its Chapter 11 reorganization plan takes effect.

  5. November 29, 2023

    Crypto Biz Prime Core Settles Ch. 11 Tokens Claim

    Cryptocurrency custodial business Prime Core Technologies Inc. told a Delaware bankruptcy judge it has reached a proposed settlement with Audius Inc. to establish 11 million of Audius' cryptocurrency tokens as Prime Core's property while handing over others in exchange for resolving disputed ownership of the coins with Audius.

  6. October 05, 2023

    Crypto Biz Prime Core Clears Ch. 11 Disclosure Hurdle In Del.

    Cryptocurrency custodial business Prime Core Technologies Inc. nailed down approval Thursday for its Chapter 11 disclosure statement, after a Delaware bankruptcy court judge flagged the company over small but critical date and math errors in the document.