The founder of Chinese language Bitcoin mining producer MicroBT has reportedly been arrested for allegedly embezzling $14,339 (100,000 yuan).

Yang Zuoxing, the previous director of chip design at Bitcoin mining big Bitmain, has been in jail because the finish of October, Caixin Global reports.

He’s credited with developing Bitmain‘s wildly profitable AntMiner S7 and S9 fashions.

The publication says the Folks’s Procuratorate of Nanshan district within the southern Chinese language tech hub confirmed the prices in a discover on Thursday, however, failed to incorporate Yang’s full identify consistent with normal apply.

Caixin says it’s confirmed that the man charged is MicroBT’s founder.

Yang reportedly left Bitmain in 2016 following a dispute over fairness allocation with Micree Zhan, Bitmain‘s founder.

Then, in July 2017, Bitmain sued Yang for mental property infringement.

Caixin says the civil case was dropped however cites an individual aware of the matter who says Bitmain took the case additional by reporting it to the police as a commerce secret infringement case.

Nevertheless, it’s not clear whether or not the embezzlement prices are associated.

Printed December 16, 2019 — 13:07 UTC



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