Several cryptocurrency companies, including Swan Bitcoin, have withdrawn their assets under custody by Prime Trust in advance

ChainCatcher news, Bitcoin investment application Swan Bitcoin quickly withdrew all assets from Prime Trust weeks before its collapse, and all Swan customers' assets are now held by cryptocurrency custodian Fortress. Similarly, the Bitcoin Lightning wallet Strike also successfully withdrew its custodial funds, which are now managed internally.

However, one of Prime Trust's clients, the Bitcoin investment app Coinbits, failed to withdraw in time and stated, "There are still many unknowns, but we intend to fight for those members who have locked funds in Prime Trust." Additionally, it was mentioned that a petition from Nevada regulators seems to indicate that Prime Trust still has enough Bitcoin to honor its members' balances, and they will make every effort to recover these assets. Currently, most features of the Coinbits App are offline, and new solutions are being developed to restore its services as soon as possible.

Previous news, Nevada regulators have applied to take over Prime Trust, stating that it is unable to pay its debts. (Source link)