Bitcoin company Swan has filed a lawsuit alleging that former employees, with the help of Tether, conspired to take over its Bitcoin mining business. The company accuses the ex-employees of stealing its proprietary code, vendors, and business partners, and creating a competing company called Proton Management. Swan also claims that Proton solicited its mining personnel and used Tether for its own operations to harm Swan's ability to compete. Shortly after the employees resigned from Swan, Tether notified the company of Proton taking over the Bitcoin mining management.



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