Swan Bitcoin has asked a US court for permission to subpoena Cantor Fitzgerald and its former CEO— now US Commerce Secretary Howard Lutnick — in a widening dispute that implicates crypto heavyweight Tether and alleges coordinated misconduct surrounding a joint mining venture. Swan Bitcoin Alleges Conspiracy The Bitcoin firm says it filed an ex parte application this week in the Southern District of New York to seek discovery that it intends to use in foreign proceedings against Tether-appointed directors of its joint venture, 2040 Energy. Swan CEO Cory Klippsten identified the targets of those foreign actions as Tether CEO Paolo Ardoino, controlling shareholder Giancarlo Devasini, and Bitfinex CEO Jean-Louis van der Velde. In its filing, Swan describes a series of events in mid-2024, when it says a group of the firm’s employees led by then‑CIO Raphael Zagury conspired with Tether personnel — including Tether’s now‑CIO Zachary Lyons — to undermine the joint venture from ...
crtypto & forex news
In the fast-paced world of cryptocurrency and forex trading, staying updated with the latest market trends, price movements, and expert analysis is essential. Crtypto & Forex News is dedicated to providing traders, investors, and financial enthusiasts with accurate, timely, and in-depth news on the ever-evolving markets of crypto and forex.