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Bitmain representatives have threatened to sue ex-director Wang Haichao, citing concerns about establishing a “new Whatsminer.” Colin Wu stated this on his Twitter account.

According to him, the corporation is not interested in forming a new competitor firm led by one of its former senior executives. For this reason, she submitted a letter, signed by lawyers, threatening legal action if Bitmain’s intellectual property rights and products were violated.

In addition to Wang Haichao, Wu claims that former Bitmain employees Fan Jing and Zou Tong received letters. Micree Zhan is also scared about possible competition and the detrimental impact it could have on the company’s operations, according to him.

Over the last two years, the disagreement between the current CEO and ex-CEO Jihan Wu has often surfaced whenever the company has been referenced in the media. Unfortunately, her positive image was harmed as a result of this. As a result, we enlisted the support of shareholders by removing Zhan from his position as CEO in the fall of 2020. Zhan responded by accusing Wu of faking shareholder signatures and claiming no meeting to remove Zhan from office.

However, now that the dispute has been officially resolved and Wu has left the company in the winter of this year, Zhan appears to have decided to take legal precautions so that Bitmain does not have to resort to lawsuits in the future and becomes the main source of controversy for cryptocurrency publications.

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