Police Hold MicroBT CEO Allegedly Over Dispute With Bitmain The founder of mining rig manufacture

#Chinese Police Hold MicroBT CEO Allegedly Over Dispute With Bitmain
The founder of #Bitcoin mining rig manufacturer MicroBT is being held as of Nov. 8 by Shenzhen Police to assist in an investigation, according to a local news source. #Police are likely to be questioning Zuoxing Yang over allegations of intellectual property infringement regarding the technology of Beijing-based Bitmain.
Previous allegations of patent infringement
Yang previously worked at #Bitmain as processor design director, and developed the Antminer S7 and S9 models. Allegedly unhappy after talks over stock options fell through, Yang left, and raised $20 million to found MicroBT.
In 2017, Bitmain sued the company over alleged infringement of a patent. However, Yang’s lawyers successfully appealed to have the patent revoked the following year.
Did Jihan Wu instigate the renewed investigations?
A source said that it was unclear why the police had resumed investigations at this time. However, the timing of Yang’s detention, coming just after the unexpected return of co-founder Jihan Wu to Bitmain, may suggest that Wu could be involved.
Wu returned to the company at the end of October, ousting fellow co-founder and biggest shareholder, Micree Zhan. Wu publicly dismissed Zhan of all duties last month, warning that any staff still communicating with him may be fired.
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