Swan Bitcoin Sues Former Employee, There's a "Hell Rain and Fire" Drama! 🌩️

- Swan Bitcoin is suing its former employees who now run Proton Management. They are accused of stealing critical components of Swan's BTC mining business.

- The lawsuit was filed on September 25, accusing Proton of stealing confidential software and sensitive documents to create a fake competitor.

- Proton also allegedly persuaded Tether to sever ties with Swan and support them, damaging Swan's ability to compete in the market.

- The story began in 2023 when CEO Cory Klippsten partnered with Tether's CFO, Giancarlo Devasini, on a Bitcoin mining project in Australia.

- Tensions peaked in 2024, with several Swan executives allegedly planning a takeover of the mining business.

- Swan is demanding the return of stolen equipment and confidential materials, as well as damages to be determined in court.

What do you think about this drama? Comment below!