“Throughout our relationship with Swan, Tether has consistently acted in good faith, supported mutual business objectives, and adhered to all relevant agreements,” Tether claimed.
“Conversely, Swan has acted recklessly and their actions have resulted in significant breaches by them of the agreements between us. Consequently, we have been compelled to take necessary measures to protect our investment.”
https://blockspace.media/insight/tether-sues-swan-bitcoin-in-ongoing-bitcoin-mining-dispute/
Oh shit 🍿 who needs football lolz
Normies don’t know what they’re missing. Bitcoin has everything to keep you both nourished and entertained 🤣
👀
oh wow
Grab your popcorn! This is getting interesting
Not really surprising tbh. Crypto has many spooks and ops. Be careful folks
Everyone who messes with Shitcoins...
It's like a Christian Satanic group.
Redundant.
Damn no one saw saw this coming
👀
I've used Swan for a while, but I could never get myself to recommend it to other people. I didn't really know why, but the more stuff that comes out the more I see why.
Guess there’s not going to be that Swan credit card anytime in the near future.
💩 show
imagine the caliber of lawyers tether has
Cory is a douchebag, unsurprising.
nostr:note12ayxd2tpvjnuujsngnquc84xfuh394h9xkremn0z49g75l2vfgtszw6y8e
a leopard never changes its spots... ?
Oooooof
I bet this was a violation of contract on Tether's part. That's far more likely than Swan lying about the whole thing.
Then again why the hell did Swan do business with Tether to begin with?
Swan is already in bankruptcies and nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 will gonna follow the same case! Strike is still alive as long as there is bail outs to Jack! It will not last for long !
wut.
strike offers a great service and product.
I thought strike was "Bitcoin first, Bitcoin only". I guess I was wrong. A real betrayal by nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle
https://strike.me/blog/announcing-usdt-deposits-and-withdrawals/
Mallers family were onboarded by Andreas who became total shitcoiner! And Jack’s family also loves shitcoins! You just haven’t been into this space for a long time !
adding usdt in Argentina, Brazil, El Salvador, India, Kenya, Mexico, Nigeria, Togo, and Vietnam account is a betrayal? its functionally no different than USD for americans.
whether strike fails or not, idk. i think their lending product will be interesting when it drops. but to insist that strike will go bankrupt because they might not be profitable now, and that jack is destined to shitcoin because of Andreas — is interesting logic.
Strike is not the same as swan
Stablecoin giant Tether is suing financial services firm Swan Bitcoin over a contract dispute related to the companies’ bitcoin mining joint venture, Blockspace has learned.
“Tether, together with its co-Claimant, 2040 Energy Limited, has recently commenced proceedings in the High Court of England and Wales against Swan,” a Tether spokesperson wrote in an email to Blockspace.
“Throughout our relationship with Swan, Tether has consistently acted in good faith, supported mutual business objectives, and adhered to all relevant agreements,” Tether claimed. “Conversely, Swan has acted recklessly and their actions have resulted in significant breaches by them of the agreements between us. Consequently, we have been compelled to take necessary measures to protect our investment.”
When reached by Blockspace, Swan confirmed receipt of the lawsuit but declined further comment. “Swan will vigorously defend all its rights,” the spokesperson added.
The lawsuit escalates a legal struggle that began when Swan Bitcoin sued its former mining employees and contractors last September.
Read more: Swan Bitcoin sues former employees, alleges theft of bitcoin mining business
Swan’s suit alleges that the defendants broke their contracts and stole proprietary business information when they left the company to start Proton Management, the firm that now manages the bitcoin mining assets in concert with Tether. The September suit did not name Tether or its employees as defendants, and the new suit filed in the United Kingdom is the first time the company has entered the legal arena with Swan over this issue.
The cross-jurisdictional dispute centers on the bitcoin mining joint venture 2040 Energy, which Swan Bitcoin established with Tether in 2022. According to a 2024 Swan investor deck seen by Blockspace, Tether financed the venture and owns 80% of 2040 Energy to Swan’s 20%, and Swan could only collect profit from the venture once the business line had returned 100% of invested capital to Tether.
Swan’s investor presentation and court documents from its lawsuit with Proton Management employees raise questions regarding Swan’s legal claim to the bitcoin mining business. Swan framed the walkout as a corporate coup, branding it a conspiracy orchestrated by key internal personnel.
Terrence still mia
I liked Cory a lot. That sucks.
I am on Tether's side here though
LOL
On a side note, I think Max Keiser was working the tiny Swan booth at Nashville, now Tether moving to El Salvador.
Did Max and Cory break up?
If only someone had sounded any kind of warning bell… 🫣
I think the real story here is that this post is not in all caps nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqpr9mhxue69uhhxetwv35hgtnwdaekvmrpwfjjucm0d5klqft7
🤣🙌🤡🦆🌈🫡😈🙄🔥🤖⚡️‼️
They will continue to eat one another alive and I’m here for it.
Fuckin’ Swan Bitcoin. GTFOH.
🫡
I looked up bitcoin wallets last night and Swan was the leading top ad promoted brand in the Apple Store. Thanks for sharing this bit of heads up.
