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China Police Arrested Bitmain Ex-Employee And MicroBT CEO

2019-11-09 10:06:17

Chinese police arrested Yang Zuoxing, a former employee of Bitmain and the current CEO of its rival MicroBT. Yang has taken into custody over a dispute involving the intellectual property rights of Bitmain. He left the Bitmain in June 2016 after being denied an equity stake by Bitmain co-founder Micree Zhan. Bitmain charged Yang over patent rights and demanded $3.7 billion in damages.

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