Prime Trust’s estate has sued Strike, claiming the Bitcoin payments company withdrew nearly $29.5 million and 1,939 Bitcoin just weeks before Prime Trust went bankrupt. The lawsuit is now raising questions about whether some crypto firms saw the collapse coming early and quickly moved funds to protect themselves
Prime Trust Estate Targets Strike Withdrawals
According to the newly filed complaint, Strike allegedly withdrew nearly $29.5 million and 1,939 Bitcoin from Prime Trust during the company’s final weeks before bankruptcy.
The filing specifically highlights a large 1,350 BTC transfer that reportedly took place on June 2, 2023, shortly before regulators moved against Prime Trust.
Prime Trust’s estate claims Strike executives…