PANews reported on October 1 that according to Coinedition, Bitcoin mining company Proton Management denied Swan Bitcoin's allegations of mining theft. Proton pointed out in recent documents that Swan Bitcoin does not own a mining business. Proton's lawyers said that Swan's mining business relies on an independent entity, 2040 Energy, which is funded by Tether, and Swan Bitcoin only holds a minority stake and does not control 2040 Energy.