The stablecoin issuer Tether has filed a lawsuit against Swan Bitcoin in the High Court of England and Wales.

The lawsuit alleges breaches of the contract related to the shared Bitcoin currency (Bitcoin) Mining Project, 2040 Energy. Tether, along with its co-plaintiff 2040 Energy Limited, alleges that Swan's actions violated its agreements, prompting legal action to protect its investments.

According to A a report By Block Space, pregnancy She confirmed that she had fulfilled her obligations while accusing Swan of misconduct. Swan, who acknowledged the lawsuit, declined to provide detailed comments but pledged to "vigorously defend" his position.

This lawsuit represents a new escalation in a legal dispute that began in September when Swan File a lawsuit against Former mining employees and contractors, accused of stealing private business information to form Proton Management.

While this lawsuit did not name Tether, the stablecoin giant's involvement in the UK case indicates deeper friction between the companies, according to the report.

Tether's Bitcoin mining project

At the heart of the conflict lies the energy of 2040, a Mining A joint venture established in 2022, where Tether operates.USDT) holds an 80% stake and Swan retains 20%.

Swan's profits were tied to the project's recovery of all initial investments made by Tether, as described in court filings and investor materials.

Swan has previously described the staff strike as a "corporate coup", alleging a conspiracy to take control of his mining operations. Tether's lawsuit now raises additional questions about Swan's project management and contractual status.