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Bourbonic Plague 2y ago

How many people deposited 6 figures into Prime via Swan over the last 90 days who now have to wonder if that money will be subject to a clawback?

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Diesel 2y ago

Really? A clawback? I’m definitely not in 6 figures of deposits but used Swan / Prime Trust plenty over the past couple years. Anything I can/should do?

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Diesel 2y ago

Whoops overlooked the 90 day comment. Why 90 days?

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Bourbonic Plague 2y ago

Hard to say if they’ll try to recover from individual users, but it seems like it is possible as part of a bankruptcy proceeding.

And yeah, I think it’s limited to 90 days, but that’s just based on what people are claiming on Twitter so who knows.

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paulo 2y ago

90 days is the standard in bankruptcy procedures.

It won’t be Prime Trust who will pursue the clawbacks, it’ll be the creditors trying to recover as many losses as possible.

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Diesel 2y ago

Seems fucking ridiculous but what else is new

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6484df04... 2y ago

Brutal.

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( -_-) 2y ago

I lost the keys to all the bitcoin I bought in the last 90 days