$BTC BREAKING: SWAN BITCOIN ACCUSED IN SHOCKING $1 BILLION PRE-BANKRUPTCY RAID
Swan Bitcoin is now facing explosive legal allegations tied to the collapse of crypto custodian Prime Trust. According to a newly filed lawsuit, the company allegedly used insider access to pull nearly $1 BILLION in Bitcoin and cash from Prime Trust just days before the firm spiraled into bankruptcy in 2023.
The complaint claims the withdrawals happened while Prime Trust was already in deep financial distress, raising serious questions about who knew what behind the scenes before the collapse became public. If proven true, this could become one of the most controversial bankruptcy-related crypto disputes since the FTX era.
The timing is what’s shaking the industry. As regulators and creditors continue dissecting failed crypto firms, accusations of privileged withdrawals and insider coordination are becoming a recurring nightmare across the sector.
Now the market wants answers: was this simply risk management during a crisis… or a strategic escape before the doors slammed shut?
