Swan Bitcoin Faces $1 Billion Lawsuit Over Alleged Insider Actions During Prime Trust Collapse

Electric Solidus Inc., operating as Swan Bitcoin, is being sued for nearly $1 billion in Delaware Bankruptcy Court over alleged insider actions during the collapse of crypto custodian Prime Trust. The lawsuit claims that Swan avoided major losses by transferring assets before Prime filed for bankruptcy.

By Logan Hitchcock Mon, May 18, 2026 at 10:48 PM GMT+3 3 min read · Yahoo Finance · May 18, 2026, 19:48 UTC

Topics: Bitcoin cryptocurrency lawsuit Prime Trust collapse Swan Bitcoin

Read the full article at Yahoo Finance

More Politics news

Pomerantz Law Firm Investigates HCA Healthcare Following Reduced Profit Guidance PR Newswire · November 12, 2026, 16:25 UTC
Pomerantz Law Firm Investigates Greenland Energy (GLND) Following Short Seller Report PR Newswire · November 12, 2026, 16:15 UTC
Pomerantz Law Firm Investigates Potential Securities Fraud at Foghorn Therapeutics (FHTX) PR Newswire · November 12, 2026, 16:00 UTC
Pomerantz Law Firm Investigates VinFast Auto Ltd. Following Significant Operating Losses PR Newswire · November 12, 2026, 15:55 UTC
Class Action Lawsuit Filed Against Skechers U.S.A., Inc. Regarding Take-Private Acquisition PR Newswire · November 12, 2026, 15:00 UTC
Class Action Lawsuit Filed Against Compass, Inc. Regarding Merger Disclosures PR Newswire · November 12, 2026, 15:00 UTC
Scott Colom Defeats Incumbent Cindy Hyde-Smith in Mississippi Senate Election CNBC · November 11, 2026, 23:03 UTC
Advocacy Groups Prepare to Pressure Politicians Over Data Center Restrictions Following Midterm Elections The Verge · November 11, 2026, 21:56 UTC
Alleged Security Concerns Involving Nvidia CEO Jensen Huang Prompt US-Taiwan Official Concern The Verge · November 11, 2026, 19:22 UTC
Scott Colom Maintains Narrow Lead Over Cindy Hyde-Smith in Mississippi Senate Race CNBC · November 10, 2026, 21:55 UTC