According to Odaily, Tether has filed a lawsuit against financial services company Swan Bitcoin due to a contractual dispute in their joint Bitcoin mining venture. A Tether spokesperson stated via email that Tether and its co-plaintiff, 2040 Energy Limited, have initiated legal proceedings against Swan in the High Court of England and Wales. Tether claims that it has consistently acted in good faith, supporting shared business objectives and adhering to all relevant agreements in its collaboration with Swan. In contrast, Tether alleges that Swan's reckless actions have led to a significant breach of their agreement, prompting Tether to take necessary steps to protect its investment. Swan has acknowledged receipt of the lawsuit but declined to comment further, with a spokesperson adding that the company will vigorously defend its rights.