Swan Bitcoin CEO Says Mining Operations Unaffected By Legal Woes

Bitcoin financial services company, Swan Bitcoin has sued several former workers from its mining division. They allegedly stole software code from the company, quit, and then used the code to launch their mining operation. The former employees allegedly started Proton Management, a “counterfeit competitor.” They persuaded Tether, a stablecoin issuer, to sever connections with Swan…

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Swan Bitcoin Alleges Ex-Employees Conspired to Steal Mining Business

A newly filed lawsuit claims that Swan Bitcoin, a financial services company focused on bitcoin, is accusing former employees of trying to hijack its “billion-dollar bitcoin mining business.” According to the suit, Swan’s subsidiary Electric Solidus alleges that Proton Management dubbed a “copycat company” in the filing, stole trade secrets from their mining operations. Swan…

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