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Swan Bitcoin has filed suit against a group of former employees and consultants, alleging that they “hatched and executed a ‘rain and hellfire’ plan” to steal its lucrative bitcoin mining business with the help of Tether, Swan Bitcoin’s one-time ally

Swan Bitcoin has filed suit against a group of former employees and consultants, alleging that they “hatched and executed a ‘rain and hellfire’ plan” to steal its lucrative bitcoin mining business with the help of Tether, Swan Bitcoin’s one-time ally

The mining business aims to reach 8 EH/s mining power and already has 4.5 EH/s operational after starting the unit in the summer of 2023.

The company said that its initial target for the funding round was $35 million.

Tyr investor TGT has brought claims against the hedge fund that it ignored several warnings over its ties with FTX.

The next two-year phase of Project Helvetia will see other financial institutions and types of transactions join the party.

FINMA announced Thursday that FlowBank’s minimum capital requirements were found to have been “significantly and seriously breached.”

The registration paves the way for the Switzerland and Singapore-based banking group to expand into the European Union and European Economic Area.