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Top related persons:
Dow Jones - 3 Changpeng Zhao - 2 Zhao - 2 Sam Bankman - 1 Fried - 1 Claudia Johnson - 1 Caroline Ellison - 1 Gary Wang - 1
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New York U.S Alameda Manhattan FTX Sequoia Alameda's Bahamas
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Prime Trust - 2 Exchange Commission - 2 Alameda Research - 1 Stanford - 1 Bloomberg - 1 Getty - 1 Massachusetts Institute of Technology - 1 alameda - 1

Search resuls for: "Prime Trust"


12 mentions found


☆ Read the secret Signal messages that could help put Sam Bankman-Fried behind bars
  + stars: | 2023-10-19 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +16 min
Sam Bankman-Fried appears at federal court in New York on Oct. 4, 2023, in this courtroom sketch. Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. In a direct appeal to Bankman-Fried, Singh wrote on Nov. 6, 2022, "one thing that'd seriously help me is if I didn't have debts." Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried.
Persons: Sam Bankman, Fried, Claudia Johnson, Caroline Ellison, Gary Wang, Nishad Singh, Ryan Salame, Damian Williams, Yuki Iwamura, Ellison, Bankman, Joe Bankman, Ramnik Arora, Ryne Miller, Constance Wang, Singh, Wang, reassurances, FTX, Changpeng Zhao, he'd, Um, Sam, Binance, Zhao, it's, Sam Trabucco, Ben Xie, Michael Lewis, Lewis, Adam Yedidia, Yedidia, chares, SDNY Singh, Gabe, Salame, Michael Sadowsky, Sadowsky, FTX's, Dawn Giel Organizations: Alameda Research, Stanford, Bloomberg, Getty, Massachusetts Institute of Technology, alameda, Prime Trust Bank Locations: New York, Alameda, Manhattan, U.S, FTX, Sequoia, Alameda's, Bahamas
☆ Ripple buys crypto infrastructure startup in its second acquisition of 2023
  + stars: | 2023-09-08 | by ( Ryan Browne | ) www.cnbc.com   time to read: +5 min
Founded in 2021 by Scott Purcell, an entrepreneur with a background in equity and debt crowdfunding, Fortress Trust aims to help large enterprises interact with digital currencies. The company uses a blockchain-based messaging system, akin to SWIFT, to approve speedy transactions between a network of banks and other financial institutions. A Ripple spokesperson declined to comment on the size of the deal but said that it is less than the sum Ripple paid to buy Metaco. Ripple also obtained a Nevada trust with its acquisition of Fortress Trust, adding to its growing list of regulatory permits globally. The company told CNBC previously it was also looking to get an e-money license with the Irish central bank.
Persons: Brad Garlinghouse, Ripple, Scott Purcell, Purcell, BitGo, SWIFT, Britain's, Singapore's, XRP, Stu Alderoty Organizations: Trust, Prime Trust, SBI, U.S . Securities, Exchange Commission, MoneyGram, CNBC, Monetary Authority of, Fortress Trust Locations: Austin , Texas, Nevada, U.S, Swiss, Fortress Trust's, York, New York, Monetary Authority of Singapore, Irish
☆ Crypto Custodian Prime Trust Files for Bankruptcy Protection
  + stars: | 2023-08-14 | by ( Caitlin Ostroff | Vicky Ge Huang | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/crypto-custodian-prime-trust-files-for-bankruptcy-protection-7f28553f
Persons: Dow Jones
☆ Nevada Files to Place Crypto Custodian Prime Trust Into Receivership
  + stars: | 2023-06-27 | by ( Vicky Ge Huang | Caitlin Ostroff | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/nevada-files-to-place-crypto-custodian-prime-trust-into-receivership-15c97b8
Persons: Dow Jones Locations: nevada
☆ Crypto Custodian Prime Trust Teeters on the Brink of Collapse
  + stars: | 2023-06-24 | by ( Vicky Ge Huang | Alexander Osipovich | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/crypto-custodian-prime-trust-teeters-on-the-brink-of-collapse-6d71e197
Persons: Dow Jones
☆ SEC asks for emergency order to freeze Binance US assets anywhere in the world
  + stars: | 2023-06-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +1 min
Co-founder and CEO of Binance, Changpeng Zhao, speaks on stage during the opening night of Web Summit 2022. The freezing order only applies Binance's two U.S. holding companies, not to the non-U.S. regulated international exchange. The order would apply to dozens of accounts held at Axos Bank, the defunct Silvergate Bank, Prime Trust, and other institutions. The emergency restraining order was necessary, the regulator argued, to "prevent the dissipation of available assets for any judgment, given the Defendants' years of violative conduct, disregard of the laws of the United States." The restraining order would also prevent all three entities from destroying evidence.
Persons: Changpeng Zhao, Zhao Organizations: The Securities, Exchange Commission, Binance's, Axos Bank, Silvergate Bank, Prime Trust, Sigma Chain, SEC Locations: Washington ,, Binance's U.S, United States
☆ Exclusive: Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao
  + stars: | 2023-02-16 | by ( Angus Berwick Tom Wilson | Angus Berwick | Tom Wilson | ) www.reuters.com   time to read: +17 min
Prime Trust made $650 million in wire transfer deposits into the Binance.US account during the quarter, the bank records show. The Binance global exchange, Binance CEO Zhao and Prime Trust did not respond to detailed questions about the transfers. Among the dealers on Binance.US was Merit Peak, according to company messages, the trading firm managed by CEO Zhao. From January to March 2021, the account records show that Merit Peak received 89 transfers from the Binance.US SEN account totalling $404 million. These transfers often immediately followed a deposit into the Binance.US account by Prime Trust, the crypto custodian firm for Binance.US client funds.
☆ Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao
  + stars: | 2023-02-16 | by ( ) www.cnbc.com   time to read: +6 min
The Binance.US account was registered under the name of BAM Trading, the U.S. exchange's operating company, according to the records. Prime Trust made $650 million in wire transfer deposits into the Binance.US account during the quarter, the bank records show. A Binance.US spokesperson, Kimberly Soward, did not address Reuters' questions about the transfers detailed in the bank records. The Binance global exchange, Binance CEO Zhao and Prime Trust did not respond to detailed questions about the transfers. The Binance.US account records reviewed by Reuters detail each transaction between January and the end of March 2021.
☆ How FTX founder SBF and friends quietly donated to political groups and relatives
  + stars: | 2022-12-19 | by ( Brian Schwartz | ) www.cnbc.com   time to read: +10 min
FTX founder Sam Bankman-Fried is led by officers of the Royal Bahamas Police force following his arrest. The disgraced CEO donated to his brother Gabe Bankman-Fried's nonprofit organization, Guarding Against Pandemics. Alameda Research donated more than $12 million to Gabe Bankman-Fried's nonprofit since late last year, according to California state campaign finance records. California state campaign finance records show Alameda donated $5 million to Guarding Against Pandemics last year and $7.1 million this year. Guarding Against Pandemics also paid political communications and media company GMMB just over $690,000 last year for advertising and production, its tax form says.
☆ Cryptocurrency service provider agrees to return $17 million to digital lender Celsius as it reorganizes in bankruptcy
  + stars: | 2022-10-20 | by ( Paige Tortorelli | ) www.cnbc.com   time to read: +1 min
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors' crypto when a platform fails. Crypto service provider Prime Trust agreed Thursday to return $17 million from crypto lending platform Celsius that was allegedly withheld just as digital currencies hit their first bottom last year. Prime Trust, which offers custodial services for digital assets, held $119 million of Celsius' assets when the two terminated their contract in June 2021, according to the lawsuit Celsius filed against Prime Trust in August. Prime Trust "refused to fulfill its obligation" by transferring the $17 million in crypto assets when the contract was dissolved, Celsius said. Those assets will be held in a separate account until the court figures out how to distribute Celsius' assets.
☆ Jeremy Sheridan of Prime Trust explains company's report on the state of crypto regulation
  + stars: | 2022-10-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJeremy Sheridan of Prime Trust explains company's report on the state of crypto regulationCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jeremy Sheridan of Prime Trust discusses a new report from the company tracking the state of regulation for the industry.
☆ Ether sinks below $1,300, and Google partners with Coinbase for crypto payments: CNBC Crypto World
  + stars: | 2022-10-11 | by ( Kate Rooney | Jordan Smith | Mai Tejapaibul | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther sinks below $1,300, and Google partners with Coinbase for crypto payments: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jeremy Sheridan of Prime Trust discusses a new report from the company tracking the state of regulation for the industry.
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