Tether filed a lawsuit against Swan Bitcoin for alleged significant breaches in their agreements related to the joint venture 2040 Energy. The conflict highlights accusations of sabotage, with Swan accusing ex-employees of stealing information to start a competing company, Proton Management.
Tether asserts it acted in good faith throughout its partnership with Swan. The company claims its actions were necessary to protect its investments due to Swan’s alleged reckless conduct leading to significant agreement breaches.