{"id":146874,"date":"2025-01-16T13:00:57","date_gmt":"2025-01-16T11:00:57","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146874"},"modified":"2025-01-16T00:44:21","modified_gmt":"2025-01-15T22:44:21","slug":"tether-sues-swan-bitcoin-over-alleged-breach-in-bitcoin-mining-partnership","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/tether-sues-swan-bitcoin-over-alleged-breach-in-bitcoin-mining-partnership\/","title":{"rendered":"Tether Sues Swan Bitcoin Over Alleged Breach in Bitcoin Mining Partnership"},"content":{"rendered":"<p>The legal battle, confirmed by <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">Tether<\/a> <\/strong>and co-claimant 2040 Energy, has <strong><a href=\"https:\/\/finance.yahoo.com\/news\/tether-initiates-legal-action-against-142434783.html\" rel=\"nofollow\">escalated<\/a> <\/strong>tensions between the two companies as accusations of misconduct and corporate sabotage come to light.<\/p>\n<p>The partnership, established in 2022, involved Tether funding the operations while Swan oversaw day-to-day management. However, the collaboration soured after Swan alleged that former employees from its mining division used proprietary information to establish a competing firm, Proton Management. This rival company reportedly gained Tether\u2019s support, leading to Swan\u2019s removal from the venture.<\/p>\n<p>Swan claims key individuals orchestrated the scheme to sabotage its operations, ultimately securing Tether\u2019s backing for Proton. Tether, meanwhile, denies any wrongdoing, asserting that it acted within its contractual rights.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-146845\" href=\"https:\/\/cryptodnes.bg\/en\/dogecoins-low-fees-shine-in-blockchain-transaction-cost-comparison\/\" title=\"Dogecoin\u2019s Low Fees Shine in Blockchain Transaction Cost Comparison\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Dogecoin-payment-1140x600-1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Dogecoin\u2019s Low Fees Shine in Blockchain Transaction Cost Comparison<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Swan has also accused Tether of facilitating what it describes as a hostile takeover of its mining operations. These allegations include the removal of Swan\u2019s CEO, Cory Klippsten, from his leadership role at 2040 Energy and the transfer of operational control to Proton.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether has filed a lawsuit against Swan Bitcoin, accusing the company of breaching agreements tied to their joint Bitcoin mining venture, 2040 Energy.<\/p>\n","protected":false},"author":7,"featured_media":22334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"coin_category":[],"class_list":["post-146874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tether Sues Swan Bitcoin Over Alleged Breach in Bitcoin Mining 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