Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show


19 Sep 2023 9:49 PM

The company filed for bankruptcy in August....

  • Prime Trust, a crypto custody firm, has notified its employees of possible layoffs, with 62 people at risk of losing their jobs within the next two months.
  • The company had previously made significant workforce cuts and filed for bankruptcy in August.
  • The exact percentage of the workforce represented by the 62 workers is unknown, as the current headcount is undisclosed.
  • It is unclear if the potential job losses mentioned in a previous report were included in this notice.
  • Prime Trust has not yet responded to requests for comment.


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How many employees are at risk of being laid off by Prime Trust?When did Prime Trust file for bankruptcy?What allegations were made against Prime Trust by Nevada regulators?What is the purpose of the Worker Adjustment and Retraining Notification (WARN) Act?When are bids for Prime Trust's assets due?

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