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Tether has initiated legal proceedings against Swan Bitcoin, arising from a dispute linked to their collaborative venture in Bitcoin mining. According to a statement from a Tether representative, the lawsuit was filed in the High Court of England and Wales alongside its co-claimant, 2040 Energy Limited. The company asserts that it has acted with integrity throughout the partnership, while accusing Swan of reckless conduct, which they claim has resulted in a substantial breach of contract. Tether emphasized the need to protect its investment through legal action, highlighting its commitment to collaborative business practices. Although Swan Bitcoin has confirmed the receipt of the lawsuit, it has refrained from offering detailed commentary, expressing that it intends to “vigorously defend” its rights. This development underscores the evolving landscape of crypto partnerships and the importance of contract adherence in the sector.
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