Yahoo Finance | EN590 Commodities

Market Analysis · 2026-05-18T19:48:36.000Z

Electric Solidus, Inc, which operates asBitcoinservices firm Swan Bitcoin, was named as a defendant in a newly filed lawsuit in Delaware Bankruptcy Court that aims to recover nearly $1 billion worth of cryptocurrency linked to the 2023 collapse of Prime Trust. The suit, filed by PCT Litigation Trust—a trust created for the distribution of assets and litigation pursuit related to Prime Core Technologies—claims that Swan was able to avoid major losses in 2023 when the former crypto custodian was forced to shut down and file for bankruptcy, citing the firm’s “unrivaled access to inside information.” The suit was first reported byBlockspace. “Swan—unlike most of Prime’s customers—did not suffer significant losses because Swan had insider, non-public information,” the suit says. “Swan knew to t

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