Crypto EcoBlog
Yang Zuoxing – founder of the Chinese bitcoin mining manufacturer Micro BT – has been arrested for embezzling as much as 100,000 yuan. This comes out to just over $14,000 in USD.Zuoxing Has Been in Jail for Two MonthsZuoxing is the former director of Bitmain, arguably the largest bitcoin mining company in the world and China’s biggest source of bitcoin-related income. It’s funny that the country – for the longest time – was considering a solid ban on all crypto mining activities due to the...
Read More »Chinese Police Investigate Ex-Bitmain Employee for Bitcoin Miner IP Theft
Yang Zuoxing, CEO at MicroBT, is under investigation by the local police. The investigation is allegedly related to a dispute over Bitmain’s intellectual property rights. Yang nor MircroBT have released an official statement. A former Bitmain employee, Yang Zuoxing, is under investigation by the local police in China. The case appears to be related to a dispute involving the intellectual property rights of the mining giant corporation. Open Investigation According to a report by the Chinese...
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