Swan Bitcoin Sued for $1B Transfers
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Swan Bitcoin faces a lawsuit alleging it exploited insider access to withdraw nearly $1 billion in Bitcoin and cash from Prime Trust just before the crypto custodian's 2023 bankruptcy filing. The case highlights ongoing risks in counterparty relationships and regulatory scrutiny. Market participants should monitor legal outcomes, as they could impact trust in custodial services and increase volatility. While the incident is isolated, it underscores the need for due diligence. The broader market remains resilient, but such news may fuel short-term uncertainty.
Read full article on CoinTelegraph
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