Swan is facing a nearly $1 billion lawsuit in the U.S. Bankruptcy Court for the District of Delaware over claims it moved assets out of Prime Trust before the custodian's 2023 collapse. PCT Litigation Trust says Swan withdrew about 11,992 Bitcoin worth around $917 million, plus fiat currency, stablecoins, and XRP. Swan said the assets are client trust property and should not be used for bankruptcy liquidation.
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Swan faces nearly $1B lawsuit over Prime Trust withdrawals before collapse
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