Swan Bitcoin, a mining company, accuses former employees of stealing trade secrets and copying its business model at the behest of Tether

Australian mining company Swan Bitcoin has filed a lawsuit against a group of former employees and consultants, accusing them of planning and executing a secret plan with the help of Tether to "steal" its lucrative Bitcoin mining business. Swan Bitcoin said that six of its former employees stole Swan's trade secrets (including "unique code", hash rate optimization technology and financial models) and used them to create an "illegal copy company" of Swan's Bitcoin mining business, Proton Management, and all of this was approved by Tether. (Coindesk)