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The lawsuit, initiated on September twenty five, alleges that Proton and its associated entity, 2040 Electrical power, engaged within a scheme to misappropriate Swan's mining business by way of what Swan termed a “rain and hellfire” plan.
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Proton contends that Swan Bitcoin does not possess a mining business enterprise, asserting that 2040 Electricity operates as a individual entity that is definitely entirely funded by Tether, a stablecoin issuer.
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Proton Management has filed a motion to dismiss a lawsuit introduced in opposition to it by Swan Bitcoin, arguing that the claims are basically flawed.
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