

PRIME TRUST LITIGATION SUES SWAN BITCOIN Prime Trust’s litigation trust has sued Swan over pre-bankruptcy transfers totaling roughly 12,000 BTC, plus cash and stablecoins. At current BTC prices, the assets in dispute would be worth close to $970 million, though the filing does not explicitly seek a fixed dollar amount. "Swan—unlike most of Prime’s customers—did not suffer significant losses because Swan had insider, non-public information," the complaint alleges. Swan used Prime Trust as a custodian for its retail exchange business, before Prime Trust suffered a catastrophic loss of funds, leading to receivership in the State of Nevada in 2023. Prime Trust is demanding the return of funds transferred as part of its Chapter 11 process. Swan has yet to respond in court. Read the full article in the reply.
























