PANews news on June 29, Bitcoin investment app Coinbits disclosed its relationship with Prime Trust, an encryption custodian, on Twitter. Coinbits said: "There are still many unknown factors, but we intend to provide those members who lock funds in Prime Trust. The petition from Nevada regulators seems to indicate that Prime Trust still has enough bitcoins to cash out our members' balances. We are recovering these assets on behalf of our members. Most of the functionality of the Coinbits App is currently offline, But we are working on a new solution and intend to restore our service as soon as possible."
It follows yesterday's news that Nevada regulators have applied to take over Prime Trust.
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PANews news on June 29, Bitcoin investment app Coinbits disclosed its relationship with Prime Trust, an encryption custodian, on Twitter. Coinbits said: "There are still many unknown factors, but we intend to provide those members who lock funds in Prime Trust. The petition from Nevada regulators seems to indicate that Prime Trust still has enough bitcoins to cash out our members' balances. We are recovering these assets on behalf of our members. Most of the functionality of the Coinbits App is currently offline, But we are working on a new solution and intend to restore our service as soon as possible."
It follows yesterday's news that Nevada regulators have applied to take over Prime Trust.