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HomeNewsOn Crypto Twitter, Rumours Allege that Bitmain’s Jihan Wu May Face Charges

On Crypto Twitter, Rumours Allege that Bitmain’s Jihan Wu May Face Charges

 

The tale dramatic tale of ousting, infighting, and armed takeovers that have roiled the waters at Bitmain for the last several months have taken another conspicuous turn–that is, according to information being spread on Crypto Twitter.

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A Twitter user identified as “Molly” (@molllliy), head of marketing at HashKey Hub, has posted a document that was allegedly penned by Micree Zhan.

Micree is one of the co-founder of Bitmain who appeared to have successfully regained power over the company from Jihan Wu, another of Bitmain’s co-founders, earlier this month. Micree entered the Bitmain headquarters flanked by hired guards earlier in June after being ousted by Jihan earlier this year.

 

Micree allegedly accused Jihan of lying about shareholder meeting, illegally taking over the company

At press time, there was no confirmation that the origin or the details of the document are 100-percent accurate. Until these details are confirmed by Bitmain or another primary source, they should be regarded with cautionary skepticism. Finance Magnates reached out to Bitmain and Molly (@molllliy) to confirm the accuracy of the details of these allegations; neither responded immediately for comment. This story will be updated as comments are received.

Molly offered translations of the document, saying that it was an announcement that “listed all the illegal things that Jihan did in the past.”

“Without Micree’s consent, no one is able to change that legally,” Molly wrote, adding that whoever controls the Cayman entity has control over the company’s Beijing entity: “Bitmain Cayman controls Bitmain HK, HK controls Bitmain in Beijing.”

Apparently, though, “Jihan forged a shareholder’s meeting resolution [that] said [Micree’s] 10x voting right no longer counts, and fired Micree as the company director,” Molly went on. However, “Micree said in the announcement, that shareholder’s meeting never happened. (sic)”

There still isn’t any confirmation that the details of this story are 100-percent accurate, and until these details are confirmed by Bitmain, they should be regarded with cautionary skepticism. Finance Magnates reached out to Bitmain and Molly (@molllliy) to confirm the accuracy of the details of these allegations; neither responded immediately for comment. This story will be updated as comments are received.

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