Prime Trust wins $9M judgment against Justin Sun-owned Poloniex
- —The $9 million default judgment targets Polo Digital Assets LTD, which operates Poloniex
- —Prime Trust transferred over $9 million to Poloniex and Sun before its bankruptcy
- —Discovery against Justin Sun personally is still ongoing
- —The FTX estate has also sued Sun, HTX and Poloniex in related proceedings
Why it matters: The ruling strengthens creditors' ability to claw back funds from failed crypto firms and adds pressure on Justin Sun's business empire.
Source: Protos