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Prospect News home > News index > List of issuers P > Headlines for Prime Trust, LLC > News item
Published on 11/20/2023 in the Prospect News Distressed Debt Daily.

Prime Trust receives no qualified bids by deadline, cancels auction

By Sarah Lizee

Olympia, Wash., Nov. 20 – Prime Trust, LLC canceled the auction for its assets or equity that was scheduled for Nov. 20, according to a notice filed with the U.S. Bankruptcy Court for the District of Delaware.

The auction had been moved several times.

The company said it didn’t receive any qualified bids by the deadline.

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


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