November 7, 2019 Bitmain’s ousted co-founder to take legal action to return.

Micree Zhan, co-founder of mining equipment manufacture Bitmain, announced via WeChat Wednesday that he plans to pursue legal methods for returning to Bitmain. Zhan described the event as a ‘coup’, noting that he was unconsensually removed from the company while away on a business trip: “I have never thought that as a person focusing on technology and product, I have to start thinking from legal perspectives. It was embarrassing that as a Bitmain co-founder, the biggest shareholder, and a registered legal representative, I got ousted without any knowledge in this coup while on a business trip.”