Swan Bitcoin Claims Ex-Employees 'Stole' Its Mining Business at Tether’s Direction. Swan Bitcoin has filed suit against a group of former employees and consultants, alleging they “hatched and executed a ‘rain and hellfire’ plan” to "steal" its lucrative bitcoin mining business with the help of Tether, Swan Bitcoin’s one-time ally and fundraising partner. https://image.nostr.build/2a591b4fa13caa27623418e9579736f9ae15840fa0e9652e6b8d73f0b69aef30.jpg
Ouch Lawyers. Fees. Lengthy process. Never fun for anyone, let alone a relatively young business
This is why I hate my job sometimes. Litigation is always bad even if you when 99% of the time.
Just so complex at times I imagine. Unnecessarily so as well Good fiat mining gig I imagine though. Hyper specialisation the way to go
The lawsuit specifically accuses the former staff of misappropriating proprietary business information and leveraging it to create a rival firm named Proton Management. Additionally, it is alleged that these individuals convinced Tether to sever its partnership with Swan Bitcoin, further complicating Swan's business landscape
Swan Bitcoin has filed a lawsuit against six former employees, alleging that they stole trade secrets and proprietary information related to its mining business. The company claims that these ex-employees executed a plan, referred to as a "rain and hellfire" scheme, to undermine Swan's operations and establish a competing Bitcoin mining venture.
What?! 😯
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