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“Stab in the back”: Mikri Zhang sue on Bitmain

Mikri Zhang, co-founder of the Chinese mining company Bitmain, last week was abruptly fired from leadership positions. He says he is going to file a lawsuit against Bitmain.

In an open letter published in WeChat, Zhang said that he was fired without consent, as he then was in business trip.

“I never thought that as a person working in technology, I have to think about legal issues. I was confused by the fact that I am a co-founder, largest shareholder and Chairman Bitmain was deleted without any notification about the coup while on a business trip,” said Zhang, adding: “Until then, I didn’t realize that those scenes from movies where you strike at the back of the partner you trusted, and “brothers” with whom you’ve shared a lot really can happen in real life.”

Zhang assured employees and shareholders Bitmain that he “will use all legal methods to come back as soon as possible”.

“We want to take 90% of the market for the production of bitcoin miners! Our business AI [artificial intelligence] can achieve a qualitative breakthrough in the amount of about 100 million yuan [$14,25 million] revenue in 2019 and RMB 1 billion [$143 million] in 2020,” he said.

Last week, Jihan Wu, the other co-founder of Bitmain, sent an email to Bitmain employees, in which it was reported that he took upon himself all the duties of Mikri Zhang, therefore, employees should no longer accept instructions from Zhang. “Bitmain may, depending on the situation, to consider the termination of employment contracts with those who will violate this Directive,” said Wu.

Source — CoinSpot

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