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Tether has initiated legal proceedings against Swan Bitcoin, alleging breaches of contract related to a Bitcoin mining collaboration. The lawsuit accuses Swan of 'reckless' behavior and comes amid claims of trade secret theft and undisclosed meetings. Swan Bitcoin has stated it will 'vigorously defend' itself against the allegations. This legal conflict adds to the ongoing tensions within the cryptocurrency sector, as both companies prepare for a court battle over the accusations. The lawsuit highlights the complexities of partnerships in the rapidly evolving crypto landscape.
The sole plaintiff in a new https://t.co/cSkcnTct9w lawsuit only lost $231, but is looking to represent a much larger group of traders who lost money on the Peanut the Squirrel meme coin. Read more: https://t.co/DhGGPJWUYG
“Tether is now suing Swan Bitcoin in U.K. Court … now Swan is fighting a two-front legal battle: one on the offensive against its former employees and now on the defensive against Tether.” @AsILayHodling and @wsfoxley on @theminingpod break down the latest legal action in the… https://t.co/hJ2LopXnDP
Novel legal theory on pump fun securities violations: no reasonable person would expect to make a profit from buying meme coins
