Bitmain Leadership Crisis Deepens as Ousted Co-founder Threatens Legal Action | BTCMANAGER
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In the latest salvo in the ongoing saga surrounding Bitmain, ousted co-founder Micree Zhan is threatening to fight back claiming to have been betrayed by his partners. Meanwhile, the Bitcoin mining giant is moving ahead with plans to launch a U.S. IPO.
Bitmain Co-founder Threatens War
As previously reported by BTCManager, Jihan Wu had taken over at Bitmain in a management upheaval that saw the dismissal of fellow co-founder Micree Zhan. Now, Zhan has come out in an open letter to present his side of the story.
Someone should really make a movie of out the #BitmainDrama Below are some highlighted part translated from Micree’s open letter, and Jihan’s response at the end
I feel really bad for Bitmain, such an ugly public fight is just cannibalistic
Ego is a person’s worst enemy
— Dovey 以德服人 Wan 🗝 🦖 (@DoveyWan) November 7, 2019
According to Zhan, the events that resulted in his removal was nothing less than a coup. The Bitmain co-founder termed the move a betrayal, likening it to being stabbed in the back.
Zhan declared that he wouldn’t take his removal lightly, declaring:
“Bitmain is our child, I will try my best to protect her.