Community Articles
via Cointelegraph · By Cointelegraph Staff
Swan Bitcoin Faces Nearly $1B Lawsuit Over Prime Trust Transfers
BTC
BTC/USDT
$63,190.00
+0.19%
$63,190.00
+0.19%
(24s)24h Volume
$2,789,066,941.34
24h H/L
$63,390.00 / $62,968.45
Change: $421.55 (0.67%)
Long/Short
68.5%
Long: 68.5%Short: 31.5%
Funding Rate
+0.0032%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(09:37 AM UTC)
1 min read
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)…
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