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Swan Bitcoin Sued Over Alleged Pre-Bankruptcy Bitcoin Theft

Swan Bitcoin Sued Over Alleged Pre-Bankruptcy Bitcoin Theft

Published 5 days, 19 hours ago
Description

Swan Bitcoin faces a major lawsuit over alleged pre-bankruptcy transfers, with Prime Trusts bankruptcy estate seeking to recover nearly a billion dollars in Bitcoin and cash. The lawsuit accuses Swan of using inside information, facilitated by a Prime Trust executive, to withdraw funds ahead of the bankruptcy. Swan is accused of attempting to hide the funds and may face claims blocking future actions against the estate.

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