Swan Bitcoin sues former employees and consultants! đ„ The company claims that the individuals stole the Bitcoin mining business with the help of Tether. Swan says that its trade secrets and proprietary code were transferred to a new company called Proton Management. Tether denies all the accusations.
- Swan received funding from Tether in 2023.
- Tether had valued Swan at $1 billion.
- The lawsuit led Swan to cancel its IPO plans and lay off 45% of its staff.
What do you think about this incident? Let's discuss it in the comments! đŹ
