TLDR

• Prime Trust estate targets Swan Bitcoin over alleged $1B crypto transfers case

• Swan Bitcoin faces clawback suit tied to Prime Trust’s 2023 custodian collapse

  

• Prime Trust lawsuit claims Swan Bitcoin moved assets before bankruptcy filing

• Encrypted chats and rapid withdrawals sit at center of Swan Bitcoin lawsuit

• Swan Bitcoin lawsuit adds new pressure to Prime Trust bankruptcy recovery push

Swan Bitcoin faces legal action over alleged asset transfers before Prime Trust’s bankruptcy. The post-bankruptcy trust claims the company moved nearly $1 billion in Bitcoin, USDT, and cash days before Prime Trust collapsed. The suit, filed in Delaware, seeks recovery of funds under fraudulent transfer…