Chinese police have arrested a former engineer of the largest bitcoin mining manufacturer Bitmain and MicroBT CEO Yang Zuoxing, local news outlet BlockBeats reports.
According to BlockBeats, Yang has been taken into custody due to a case involving the intellectual property rights of Bitmain.
Yang is known only to a tight circle as a chip designer who had left Bitmain in 2016 due to disagreement with Bitmain Co-founders Jihan Wu and Micree Zhan for a stake in the business.
Previously iHodl reported that Bitmain filed an IPO application with the US Securities and Exchange Commission (SEC).
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