News

Bitmain Exec Luyao Liu Reportedly Arrested After Street Brawl With Co-Founder Micree Zhan

Ramsey Baker

Summary: Luyao Liu, Bitmain’s CFO and supposed legal representative, was reportedly arrested after taking part in a mob attack on the company’s ousted co-founder Micree Zhan in Beijing. According to a report from Chinese cryptocurrency news outlet Deepchain on Thursday, Liu was “taken away by the police” after Zhan was robbed of a business license for ...

Luyao Liu, Bitmain’s CFO and supposed legal representative, was reportedly arrested after taking part in a mob attack on the company’s ousted co-founder Micree Zhan in Beijing.

According to a report from Chinese cryptocurrency news outlet Deepchain on Thursday, Liu was “taken away by the police” after Zhan was robbed of a business license for Bitmain Beijing, the mining giant’s main subsidiary.

Dovey Wan, the Primitive Ventures’ founding partner and prominent industry commentator, stated in a tweet that Zhan was attacked by a group of masked men at the Beijing Municipal Administration of Industry and Commerce, where he had just purportedly just received a business license for Bitmain Beijing, thereby becoming the company’s legal representative.

By Ramsey Baker

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 12 hours ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 2 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 5 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 5 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 7 days ago
  • You need to login to comment.