Prime Trust wins $9M judgment against Justin Sun-owned Poloniex

The Prime Trust estate has won a $9 million default judgement against Justin Sun-owned Poloniex. The estate previously filed an adversary proceeding against Justin Sun and Poloniex related to preferential transfers of property before the Prime Trust bankruptcy. Shortly before its bankruptcy, Prime Trust chose to end its relationship with entities associated with Sun, like Poloniex, because of the then ongoing (since dropped) SEC lawsuit against Sun. This decision led to Prime transferring over $9 million to Poloniex and Sun.

Source: Protos