Swan Bitcoin has filed a lawsuit against its former employees, accusing them of stealing intellectual property and mining operations. According to the company’s statement, the employees illegally copied proprietary code and data to set up a competing company, Proton Management.

The lawsuit also alleges that the former employees attempted to solicit Swan Bitcoin’s customers and partners, including suppliers and financial partners, actions that the company believes caused significant damage to its business reputation and financial condition.

Swan Bitcoin is seeking a court injunction and damages against Proton Management, the amount of which will be determined in the legal proceedings. Company representatives said they intend to protect their interests and intellectual property rights through all legal means.