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.

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A Twitter user identified as “Molly” (@molllliy), head of marketing at HashKey Hub, 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)”

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)”

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)”

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)”

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)”

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.

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