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Swan Bitcoin Faces $1 Billion Lawsuit, Raising Questions Around Its Future & Customers - BlockTelegraph

Summary by Block Telegraph
Cory Klippsten built Swan Bitcoin on the promise it was the only Bitcoin platform you could trust. A new bankruptcy lawsuit alleges his company used an encrypted insider tip to pull nearly a billion dollars out of a collapsing custodian, days before it imploded. Cory Klippsten has never been shy about what he thinks of the rest of the crypto industry. The founder and CEO of Swan Bitcoin, one of the most prominent Bitcoin-only investment platform…

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Block Telegraph broke the news on Monday, June 22, 2026.
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