Prime Trust Litigation Trust Sues Swan Bitcoin Over $970M in Alleged Pre-Bankruptcy Transfers

On May 15, 2026, the PCT Litigation Trust tied to Prime Trust’s bankruptcy filed a 94-page adversary complaint against Swan Bitcoin’s parent, Electric Solidus, Inc., seeking to claw back about $970 million in assets. The filing focuses on roughly 11,994 BTC (about $938 million at recent prices) plus around $24.66 million in cash, $5 million in stablecoins (including USDT and USDC), and 91,144 XRP. As of May 18, 2026, Swan had not formally responded, and the dispute is pending before Judge J. Kate Stickles in Delaware.