Swan Bitcoin Faces Nearly $1B Lawsuit Over Prime Trust Transfers

BTC

BTC/USDT

$79,932.01

+0.25%

$79,932.01

+0.25%

(24s)

24h Volume

$7,070,527,731.23

24h H/L

$80,200.00 / $79,545.96

Change: $654.04 (0.82%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0017%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,996.00

▲ 0.21%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$80,157.58

Price$79,996.00

Support 1$79,635.96

Support 2$77,509.46

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.2

Cointelegraph Staff

(09:37 AM UTC)

1 min read

Verified byJames Mitchell

0 comments

The post-bankruptcy trust for Prime Trust has filed suit against Swan Bitcoin, alleging the Bitcoin services company exploited insider knowledge to pull nearly $1 billion in assets from the custodian days before its collapse.

The complaint, filed in Delaware bankruptcy court, accuses Electric Solidus, the corporate entity behind Swan, of receiving over $24.6 million in cash, 11,994 Bitcoin (BTC)…