Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference

One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has warned Zhan two times not to intervene with employees.

Last October, news.Bitcoin.com reported on the Chinese mining rig manufacturer Bitmain and how the company purportedly filed for an initial public offering (IPO) with the Securities and Exchange Commission in a confidential fashion.

Nothing ever transpired with the IPO, at least publicly, but during that same month there were rumors that said Micree Zhan was removed from his position. Now two alleged directives from Bitmain confirm that the cofounder was exiled from the company’s operatives.

The two statements were posted to Bitmain’s Weibo page on Wednesday and a rough translation describes the events. One document explains that the…