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News Explorer — Swan Bitcoin Accused of Transferring Nearly $1 Billion in Assets Before Prime Trust's Bankruptcy to Avoid Losses

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May 18, 7:48 pm
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Swan Bitcoin Accused of Transferring Nearly $1 Billion in Assets Before Prime Trust's Bankruptcy to Avoid Losses

Swan Bitcoin, a defendant in a lawsuit filed by PCT Litigation Trust, is accused of avoiding losses by transferring assets before Prime Trust's bankruptcy. The suit alleges Swan had insider information and moved nearly $1 billion in assets to shield itself from liability.

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