Bitcoin company Swan has filed a lawsuit accusing former employees, along with Tether, of plotting to take over its Bitcoin mining business. The lawsuit claims that ex-employees, including executives, conspired to steal proprietary code, vendors, and business partners. They allegedly resigned en masse to create a rival company, Proton Management. The complaint also alleges that Tether played a role in aiding the scheme. Swan further accuses Proton of soliciting its mining personnel and using Tether to harm Swan's competitiveness. The lawsuit details how Proton's CEO, a former Swan executive, attempted to disrupt Swan's operations and take over its mining management. Swan is seeking a permanent injunction against Proton and damages. The case is ongoing, with Swan investigating the alleged theft of data and trade secrets by its former employees. Read more AI-generated news on: https://app.chaingpt.org/news