Wu Jihan, Bitmain tech billionaire and co- founder reappears at the helm of Beijing-based mining large Bitmain at a current meeting with customers.
Bloomberg reported on December 10 that Wu Jihan created a public look at a non-public event in Chengdu,capital of southwestern China’s Sichuan province, last Saturday, where he declared that Micree Zhan Ketuan, Bitmain co-founder had stepped down from his leadership role at the firm(company).
Zhan formerly claimed that he was removed as a legal representative of the firm without his assent after Wu Jihan had sent out an email that asserted that Zhan had left the company:
“Bitmain’s co-founder, chairman, legal representative and executive director Jihan Wu has decided to dismiss all roles of Ketuan Zhan, effective immediately.”
Zhan expressed his feelings of betrayal and disappointment, uttering that he felt as if somebody had injured him in the back “by those partners you trusted and brothers you fought together with.” He added:
“Bitmain is our child. I will fight for her till the end with legal weapons. I won’t allow those who want to plot against Bitmain to succeed. If someone wants a war, we will give them one.”
Wu Jihan declared new sales initiatives to attract new customers, now firmly back in control, that reportedly includes the promise to seek deposits as low as twenty percent for those who buy Bitcoin (BTC) mining rigs in massive bulk.
A report contacted Bitmain relating to these latest developments however had yet to receive a response as of press time.
Wu started new crypto financial startup Matrixport
Wu formally launched a new cryptocurrency trading platform that supposedly offers over-the-counter (OTC) trading, lending and custody in July. Named Matrixport, the Singapore-based firm reportedly employed dozens of former Bitmain staff that were desist from Bitmain as a result of the bear market of 2018. Bitmain supposedly encouraged Wu’s new enterprise at the recent event in China.