Prime Core Technologies Inc.

Prime Core Technologies is in a post-plan administration and litigation-trust phase, with the live docket focused on claims objections, adversary-proceeding management, and omnibus/status hearings rather than operating-company restructuring. The case began on August 14, 2023, when Prime Core and affiliates filed chapter 11 after a rapid deterioration at the crypto custody and infrastructure business, including severe liquidity pressure, regulatory intervention, and losses tied to the inaccessible “98f Wallet”; the first-day declaration describes the company’s prepetition scale, failed financing efforts, Nevada cease-and-desist order, receivership, and resulting chapter 11 strategy to protect assets, resolve customer claims, preserve licenses, and pursue restructuring alternatives through the cases First Day DeclarationDkt. 14.

The debtors moved quickly from filing into a plan track, filing a joint chapter 11 plan less than a month after the petition date. That plan set the restructuring architecture for an eight-class reorganization framework and shifted the case toward estate administration rather than a standalone operating turnaround Joint Chapter 11 PlanDkt. 92. The recent docket reflects that posture: a Plan Administrator is prosecuting claims-administration matters, while the PCT Litigation Trust is managing adversary proceedings, including requests to extend service deadlines and further stay end-user adversary proceedings that drew certificates of no objection Service Extension CNODkt. 1589 .