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They Stole Our Miners!…Again: Ex-Employees Accused of Swiping Swan Bitcoin’s Business, Proton Management Caught Red-Handed (Spoiler Alert: It Wasn’t the First Time)

A  illustration depicting a miner's helmet with a bitcoin logo on it being snatched away by two shadowy figures, one holding a briefcase and the other grasping a stablecoin symbol. In the background, a cityscape is shown with buildings labeled 'Swan Bitcoin' and 'Proton Management', while a giant exclamation mark looms above.

}The never-ending saga of cryptocurrency’s finest: where the only thing more impressive than their alleged schemes is their ability to get sued for them. This time, we have Swan Bitcoin accusing a group of ex-employees and Proton Management (because who needs originality in company names?) of stealing its mining business plans. Because what could possibly go wrong with copying someone else’s .

Source: bitcoin.com

A newly filed lawsuit claims that Swan Bitcoin, a financial services company focused on bitcoin, is accusing former employees of trying to hijack its “billion-dollar bitcoin mining business.” According to the suit, Swan’s subsidiary Electric Solidus alleges that Proton Management dubbed a “copycat company” in the filing, stole trade secrets from their mining operations. At the close of January 2024, Swan Bitcoin announced its bold move into the bitcoin (BTC) […]

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