Nevada court orders Prime Trust into temporary receivership
Former banking executive John Guedry has been selected to oversee the firm.
Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
Co-founders Alex Mashinsky, Shlomi Daniel Leon, and Hanoch Goldstein are not parties to the settlement and their cases will proceed in federal court.
The U.S. SEC alleges that Mashinksy and Celsius manipulated CEL's token value.
Celsius argued that StakeHound refused to return the entrusted funds when it went bankrupt last year.
Most Celsius's altcoin holdings have seen their liquidity drop by as much as 84% over the past year.
Arkham Intelligence dashboard shows that Voyager's current crypto holdings balance has dropped to $175M.
The oppositions claim BlockFi's plan fail to provide adequate information for stakeholders involved in its bankruptcy process.