Swan Bitcoin has filed a lawsuit against its former employees, alleging theft of intellectual property and the company's mining business. The employees are accused of copying proprietary code and data to start a competing firm, Proton Management.

The lawsuit further claims that these former employees tried to solicit Swan Bitcoin's clients and partners, including vendors and financial partners, thereby damaging Swan Bitcoin's business reputation and financial standing.

Swan Bitcoin seeks a court injunction against Proton Management and compensation for damages, with the amount to be determined in legal proceedings. The company remains committed to protecting its interests and intellectual property.