On Crypto Twitter, Rumours Allege that Bitmain's Jihan Wu May Face Charges
- Twitter user @molllliy posted a translation of an announcement that allegedly originated from Micree Zhan regarding Jihan Wu
The tale dramatic tale of ousting, infighting, and armed takeovers that have roiled the waters at Bitmain for the last several months have taken another conspicuous turn--that is, according to information being spread on Crypto Twitter.
A Twitter user identified as “Molly” (@molllliy), head of Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term at HashKey Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term, has posted a document that was allegedly penned by Micree Zhan.
Micree is one of the co-founder of Bitmain who appeared to have successfully regained power over the company from Jihan Wu, another of Bitmain’s co-founders, earlier this month. Micree entered the Bitmain headquarters flanked by hired guards earlier in June after being ousted by Jihan earlier this year.
Micree allegedly accused Jihan of lying about shareholder meeting, illegally taking over the company
At press time, there was no confirmation that the origin or the details of the document are 100-percent accurate. Until these details are confirmed by Bitmain or another primary source, they should be regarded with cautionary skepticism. Finance Magnates reached out to Bitmain and Molly (@molllliy) to confirm the accuracy of the details of these allegations; neither responded immediately for comment. This story will be updated as comments are received.
Molly offered translations of the document, saying that it was an announcement that “listed all the illegal things that Jihan did in the past.”
“Without Micree’s consent, no one is able to change that legally,” Molly wrote, adding that whoever controls the Cayman entity has control over the company’s Beijing entity: “Bitmain Cayman controls Bitmain HK, HK controls Bitmain in Beijing.”
Apparently, though, “Jihan forged a shareholder’s meeting resolution [that] said [Micree’s] 10x voting right no longer counts, and fired Micree as the company director,” Molly went on. However, “Micree said in the announcement, that shareholder’s meeting never happened. (sic)”
without Micree’s consent,no one is able to change that legally.But Jihan forged a shareholder’s meeting resolution said his 10x voting right no longer counts, and fired Micree as the company director. But Micree said in the announcement, that shareholder’s meeting never happened. pic.twitter.com/i64mGKbxmK
— Molly (@molllliy) June 22, 2020
In other words, the shareholder meeting that Jihan allegedly used to hold a vote that ousted Micree from the company may have never happened in the first place .
Molly wrote that after this allegedly illegal ousting of Micree, “Jihan took over the control of Bitmain HK, and Beijing. And stole the business license and company stamp of Bitmain Beijing to change company representatives to himself and Luyao (CFO). (sic)”
Bitmain Cayman controls Bitmain HK, Hk controls Bitmain in Beijing,after illegal push Micree out,Jihan took over the control of Bitmain HK, and Beijing.And stole the business license and company stamp of bitmain Beijing to change company representatives to himself and Luyao(CFO) pic.twitter.com/f6K0ONKXRc
— Molly (@molllliy) June 22, 2020
Jihan Wu could be "facing some serious charge[s]."
But things didn’t stop there--after Micree managed to regain control of the company, “Jihan did a series of illegal crazy things. 1. Sent a team to rob business license from Micree. 2. Move company properties and documents . 3. Continue spreading rumors on behalf of bitmain. (sic)”
2nd part of the announcement: After Micree took back the control of Beijing Company, Jihan did a series of illegal crazy things. 1. Sent a team to rob business license from Micree. 2. Move company properties and documents . 3. Continue spreading rumors on behalf of bitmain pic.twitter.com/VyxVEnG1Rg
— Molly (@molllliy) June 22, 2020
According to Molly, the announcement then goes onto accuse Jihan of “[putting] his wills above laws, illegally embezzles companies properties and put his interests above [the] company’s interests. if things are listed in that announcement is true, Jihan probably facing some serious charge[s]. (sic)”
3rd part of announcements says Jihan used to puts his wills above laws,illegally embezzles companies properties,and put his interests above company’s interests.if things are listed in that announcement is true,jihan probably facing some serious charges. pic.twitter.com/gvx9oJ2LzY
— Molly (@molllliy) June 22, 2020
The final part of Micree’s announcement is a suggestion from Micree to Jihan that Jihan should stop spending “too much company money on internet trolls,” and that “instead he can spend more time to collaborate with court in [the Cayman Islands] to solve the problem legally.” Micree also offered “to buy the shares from Jihan and employees with [$4 billion USD] evaluation. (sic)”
last part,Micree suggests Jihan dont spend too much company money on internet trolls,instead he can spend more time to collaborate with court in Caymon to solve the problem legally. Also He offers to buy the shares from jihan and employees with 4billion usd evaluation. pic.twitter.com/KL7VTkdkKr
— Molly (@molllliy) June 22, 2020
There still isn’t any confirmation that the details of this story are 100-percent accurate, and until these details are confirmed by Bitmain, they should be regarded with cautionary skepticism. Finance Magnates reached out to Bitmain and Molly (@molllliy) to confirm the accuracy of the details of these allegations; neither responded immediately for comment. This story will be updated as comments are received.
The tale dramatic tale of ousting, infighting, and armed takeovers that have roiled the waters at Bitmain for the last several months have taken another conspicuous turn--that is, according to information being spread on Crypto Twitter.
A Twitter user identified as “Molly” (@molllliy), head of Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term at HashKey Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term, has posted a document that was allegedly penned by Micree Zhan.
Micree is one of the co-founder of Bitmain who appeared to have successfully regained power over the company from Jihan Wu, another of Bitmain’s co-founders, earlier this month. Micree entered the Bitmain headquarters flanked by hired guards earlier in June after being ousted by Jihan earlier this year.
Micree allegedly accused Jihan of lying about shareholder meeting, illegally taking over the company
At press time, there was no confirmation that the origin or the details of the document are 100-percent accurate. Until these details are confirmed by Bitmain or another primary source, they should be regarded with cautionary skepticism. Finance Magnates reached out to Bitmain and Molly (@molllliy) to confirm the accuracy of the details of these allegations; neither responded immediately for comment. This story will be updated as comments are received.
Molly offered translations of the document, saying that it was an announcement that “listed all the illegal things that Jihan did in the past.”
“Without Micree’s consent, no one is able to change that legally,” Molly wrote, adding that whoever controls the Cayman entity has control over the company’s Beijing entity: “Bitmain Cayman controls Bitmain HK, HK controls Bitmain in Beijing.”
Apparently, though, “Jihan forged a shareholder’s meeting resolution [that] said [Micree’s] 10x voting right no longer counts, and fired Micree as the company director,” Molly went on. However, “Micree said in the announcement, that shareholder’s meeting never happened. (sic)”
without Micree’s consent,no one is able to change that legally.But Jihan forged a shareholder’s meeting resolution said his 10x voting right no longer counts, and fired Micree as the company director. But Micree said in the announcement, that shareholder’s meeting never happened. pic.twitter.com/i64mGKbxmK
— Molly (@molllliy) June 22, 2020
In other words, the shareholder meeting that Jihan allegedly used to hold a vote that ousted Micree from the company may have never happened in the first place .
Molly wrote that after this allegedly illegal ousting of Micree, “Jihan took over the control of Bitmain HK, and Beijing. And stole the business license and company stamp of Bitmain Beijing to change company representatives to himself and Luyao (CFO). (sic)”
Bitmain Cayman controls Bitmain HK, Hk controls Bitmain in Beijing,after illegal push Micree out,Jihan took over the control of Bitmain HK, and Beijing.And stole the business license and company stamp of bitmain Beijing to change company representatives to himself and Luyao(CFO) pic.twitter.com/f6K0ONKXRc
— Molly (@molllliy) June 22, 2020
Jihan Wu could be "facing some serious charge[s]."
But things didn’t stop there--after Micree managed to regain control of the company, “Jihan did a series of illegal crazy things. 1. Sent a team to rob business license from Micree. 2. Move company properties and documents . 3. Continue spreading rumors on behalf of bitmain. (sic)”
2nd part of the announcement: After Micree took back the control of Beijing Company, Jihan did a series of illegal crazy things. 1. Sent a team to rob business license from Micree. 2. Move company properties and documents . 3. Continue spreading rumors on behalf of bitmain pic.twitter.com/VyxVEnG1Rg
— Molly (@molllliy) June 22, 2020
According to Molly, the announcement then goes onto accuse Jihan of “[putting] his wills above laws, illegally embezzles companies properties and put his interests above [the] company’s interests. if things are listed in that announcement is true, Jihan probably facing some serious charge[s]. (sic)”
3rd part of announcements says Jihan used to puts his wills above laws,illegally embezzles companies properties,and put his interests above company’s interests.if things are listed in that announcement is true,jihan probably facing some serious charges. pic.twitter.com/gvx9oJ2LzY
— Molly (@molllliy) June 22, 2020
The final part of Micree’s announcement is a suggestion from Micree to Jihan that Jihan should stop spending “too much company money on internet trolls,” and that “instead he can spend more time to collaborate with court in [the Cayman Islands] to solve the problem legally.” Micree also offered “to buy the shares from Jihan and employees with [$4 billion USD] evaluation. (sic)”
last part,Micree suggests Jihan dont spend too much company money on internet trolls,instead he can spend more time to collaborate with court in Caymon to solve the problem legally. Also He offers to buy the shares from jihan and employees with 4billion usd evaluation. pic.twitter.com/KL7VTkdkKr
— Molly (@molllliy) June 22, 2020
There still isn’t any confirmation that the details of this story are 100-percent accurate, and until these details are confirmed by Bitmain, they should be regarded with cautionary skepticism. Finance Magnates reached out to Bitmain and Molly (@molllliy) to confirm the accuracy of the details of these allegations; neither responded immediately for comment. This story will be updated as comments are received.