We recently reported that Bitmain's CFO, Luyao Liu, was arrested after allegedly partaking in a mob attack in Beijing. Recent updates propose, however, that this was non the example.

At the fourth dimension, sources claimed that the assault was on the company's ousted co-founder, Micree Zhan. Local reports propose that Liu was taken away by police afterward robbing Zhan of a business license meant for the mining giant'south primary subsidiary, Bitmain Beijing.

What Really Happened Co-ordinate to CaiXin News

According to CaiXin news:

"Co-ordinate to Caixin reports, the party was Bitmain's chief financial officeholder and legal representative, Liu Luyao, and others. He was entrusted by the founder of Bitmain, Wu Jihan, to come to the scene; the other party was co-founder, Micree Zhan, who was expelled from the company, and his two lawyers."

Business organisation scene: no mobs were involved

The Haidian District Market Supervision Administration said in their notice:

"Co-ordinate to the decision of the Beijing Judicial Assistants, information technology is currently necessary to issue a business license to the visitor's registered legal representative and to return the (previous) business license within a time limit."

When the business organization license was to exist handed over to Zhan, people from Bitmain quickly took it from him. A Caixin reporter heard Liu Luyao proverb:

"The business organisation license belongs to the company's property, how can information technology be given to an individual?"

Media reports at the fourth dimension claimed that Liu Luyao was arrested by the police. Bitmain responded that this was nothing more than than a rumor, however. Reporting from Caixin alleges that all parties are cooperating with the police.