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Swan Bitcoin Moves To Subpoena US Secretary Of Commerce And Cantor Fitzgerald –Details

Swan Bitcoin has requested a US court for permission to subpoena Cantor Fitzgerald and US Commerce Secretary Howard Lutnick (its former CEO) in a dispute involving Tether. The company alleges a conspiracy in mid-2024 where employees, including ex-CIO Raphael Zagury, collaborated with Tether personnel to undermine their joint venture, 2040 Energy. Following a mass resignation and alleged theft of documents, the defectors formed a new entity called Proton. Tether-appointed directors later approved the sale of the venture's mining assets to a Tether subsidiary at a significantly undervalued price. Swan claims Lutnick, introduced by Tether's Giancarlo Devasini, had access to confidential data and mining details before abruptly cutting contact. The firm seeks evidence for foreign legal proceedings against Tether executives.

bitcoinist03/26 00:02