China Arrests Ex-Bitmain Engineer
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Main page News, China, Mining, Regulations, Crypto Market, Cryptocurrency
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8 November
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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.

Ex-Bitmain Engineer to Make His Own Mining Company

Previously iHodl reported that Bitmain filed an IPO application with the US Securities and Exchange Commission (SEC).

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