BlockBeats news, on September 27, according to Decrypt, the Bitcoin company Swan filed a lawsuit in the Federal District Court for the Central District of California, accusing its former employees (including former executives) of conspiring with Tether to steal its Bitcoin mining operations worth billions of dollars. mining business. Swan alleges that these former employees stole the company’s highly proprietary Bitcoin mining monitoring software code, supplier and business partner resources, and collectively resigned to found a competing company called Proton Management. The lawsuit claims that Tether played an important role in the conspiracy, issuing a “default notice” to Swan to provide “legal cover” for the hostile takeover.

Swan asked the court to issue a permanent injunction against Proton to prevent it from further interfering with Swan’s mining business, and to require former employees to return stolen equipment and “confidential materials.” Swan has requested a jury trial, at which the exact amount of damages will be determined.

source