#Tether is suing Swan Bitcoin#

Tether has filed a lawsuit against Swan Bitcoin, alleging the company breached a contract in connection with a joint Bitcoin mining project. Tether claims Swan Bitcoin acted “recklessly” after mining risks emerged, leading to the escalation of the legal dispute. As reported by Cointelegraph, Tether has confirmed the lawsuit to them, stating that Swan Bitcoin violated an agreement between the two parties. It is unclear what specific terms were breached and the amount of compensation Tether is seeking. The lawsuit likely stems from disagreements between the two parties over the mining project, leading Tether to believe Swan Bitcoin breached the contract. The outcome of this lawsuit will have significant implications for both parties and could potentially ripple across the entire cryptocurrency industry.