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Proton contends that Swan Bitcoin will not have a mining company, asserting that 2040 Electricity operates as being a individual entity that is entirely funded by Tether, a stablecoin issuer.
The corporation is additionally demanding the return of allegedly stolen devices and confidential products. A jury trial has long been asked for, with damages to get established through the proceedings.
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In its motion, Proton described Swan's allegations as “fatally flawed”, intended to tarnish the reputations of former workers and obtain leverage in disputes with Tether.
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