The bankruptcy trustee of Prime Trust has filed a lawsuit against Bitcoin payment company Strike, alleging the withdrawal of nearly $29.5 million and 1,939 bitcoins in the weeks preceding Prime Trust's bankruptcy. The complaint highlights a significant transfer of 1,350 BTC on June 2, 2023, just before regulatory actions against Prime Trust. The estate claims Strike's executives were aware of Prime Trust's financial issues and moved funds to protect themselves, potentially receiving preferential treatment. Prime Trust, once a leading cryptocurrency custodian, collapsed in 2023 following accusations of financial mismanagement by Nevada regulators. The estate administrator is now seeking to recover at least $13.9 million and 1,758 bitcoins, citing U.S. bankruptcy laws that prevent insolvent companies from favoring certain creditors. This case could set a precedent for handling large withdrawals before bankruptcy in the crypto industry, underscoring the risks associated with centralized custodians.