Prime Trust Estate Wins More Than $9 Million Judgment Against Poloniex Operator

Prime Trust’s bankruptcy estate has secured a default judgment of more than $9 million against Polo Digital Assets LTD, the company that operates Poloniex, in a case over transfers made before Prime Trust’s bankruptcy.

The judgment applies to Polo. The estate is still seeking discovery on Justin Sun, who was also named in the related clawback action.

The suit concerns more than $9 million Prime Trust transferred to Poloniex and Sun before the bankruptcy filing. The transfers are described as preferential, and the estate is seeking to recover them through the clawback case.