BitcoinNews on Nostr: NEW: Swan Bitcoin files in SDNY to subpoena Cantor Fitzgerald and its former CEO, ...
NEW: Swan Bitcoin files in SDNY to subpoena Cantor Fitzgerald and its former CEO, Commerce Secretary Howard Lutnick, seeking discovery tied to a dispute with Tether over a joint mining venture.
The filing alleges a mid-2024 internal conspiracy led by ex-CIO Raphael Zagury with Tether-linked actors to gut Swan’s mining JV, 2040 Energy, including a coordinated mass resignation and data exfiltration.
Swan claims 13 employees resigned within hours on Aug 8, 2024, thousands of confidential files were taken, and Tether quickly replaced Swan with a new entity run by the defectors.
The subpoena targets Cantor and Lutnick over alleged proximity to events, including IPO discussions with Swan and subsequent ties to Tether-related deals after contact with Swan was abruptly cut.
Published at
2026-03-26 00:38:05 UTCEvent JSON
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"content": "NEW: Swan Bitcoin files in SDNY to subpoena Cantor Fitzgerald and its former CEO, Commerce Secretary Howard Lutnick, seeking discovery tied to a dispute with Tether over a joint mining venture.\n\nThe filing alleges a mid-2024 internal conspiracy led by ex-CIO Raphael Zagury with Tether-linked actors to gut Swan’s mining JV, 2040 Energy, including a coordinated mass resignation and data exfiltration.\n\nSwan claims 13 employees resigned within hours on Aug 8, 2024, thousands of confidential files were taken, and Tether quickly replaced Swan with a new entity run by the defectors.\n\nThe subpoena targets Cantor and Lutnick over alleged proximity to events, including IPO discussions with Swan and subsequent ties to Tether-related deals after contact with Swan was abruptly cut.\n\nhttps://image.nostr.build/921aa74ac44082a2fc8ee25fbda1e8276107d02c0a814cd139637523fd4ed0ec.jpg\nhttps://image.nostr.build/4e35992444b3cc143db8dc4a168a816226ca4f57c4e1b1c7dcec6d17b64c3431.jpg",
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