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Published on 8/30/2023 in the Prospect News Distressed Debt Daily.

Prime Trust’s official committee of unsecured creditors appointed

By Sarah Lizee

Olympia, Wash., Aug. 30 – Prime Trust, LLC’s official committee of unsecured creditors was appointed Tuesday, according to a notice filed with the U.S. Bankruptcy Court for the District of Delaware.

The members are Yousef Abbasi, based in Wayne, N.J., Allsectech, Inc., based in Chennai, India, DMG Blockchain Solutions, Inc., based in Delta, B.C., Net Cents Technology, Inc., based in Vancouver, B.C., Polaris Ventures, based in Basel, Switzerland, Stably Corp., based in Renton, Wash., and Austin Ward, based in San Francisco.

The Las Vegas-based cryptocurrency custodian filed bankruptcy on Aug. 14 under Chapter 11 case number 23-11161.


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