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Federal judge dismisses Swan Bitcoin lawsuit against Proton after key claim fails in UK court.

Market News
01 Jun 2026
Bitcoin
View Source
Neutral
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A federal judge dismissed Swan Bitcoin's lawsuit against Proton Management Ltd. on June 1, 2026, after Swan admitted in UK court that it never owned the mining assets and trade secrets central to its claims. The case, which lasted 18 months, collapsed because Swan could not prove ownership of the alleged proprietary assets. Proton, linked to a Tether-funded entity, denied the claims and remains focused on its mining operations. Swan is now permanently barred from refiling these specific claims, signaling a legal precedent for bitcoin mining trade secrets disputes.

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