Bitmain Legal Representative Changed Again: Wu Jihan Resigned, and CFO Liu Luyao Took Over

Abstract : The industrial and commercial information showed that on January 2, co-founder Wu Jihan ceased to be the legal representative of Bitmain and was replaced by the company's chief financial officer Liu Luyao.

ChainDD
ChainDD

Jan 06

According to the data in Qichacha searched by the editor of ChainDD APP, the industrial and commercial information showed that on January 2, co-founder Wu Jihan ceased to be the legal representative of Bitmain and was replaced by the company's chief financial officer Liu Luyao. This is the second change in legal representation of Bitmain in the past two months. The last time was October 28, 2019, when the legal representative changed from another co-founder Micree Zhan to Wu Jihan.

At the end of October last year, Wu Jihan announced the dismissal of all posts including the chairman of Micree Zhan in Bitmain. Tencent reported that the direct cause of the "coup" was the internal organizational adjustment of the second year of Micree Zhan, which directly caused the departure of a large number of old employees who have followed Bitmain's entrepreneurial career for many years. With his diligent and manipulative working style, employees began to fear and wanted to call Wu Jihan back to regain control.

Micree Zhan issued an open letter on November 7 last year, stating that he had been changed legal representative status without even knowing it, and stated that he would return to the company through legal channels as soon as possible. Also, he would take up legal weapons to make all attempts to harm and use Bitmain's fail.

He told Financial News that Wu Jihan used extremely nasty methods and did not budge, which would "make a good company" die. Bitmain sources said that after Wu Jihan announced his dismissal, Micree Zhan asked various people to ask Wu for communication, but Wu ignored it. Therefore, Zhan complained that he would not let it go and thus issued an open letter.

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