Chinese Police Investigates CEO Of MicroBT For BTC Miner IP Theft

The Chinese Police investigates Yang Zuoxing previously employed in Bitmain. The investigation appears to be related to a dispute in regards to the intellectual property rights of Bitmain as we previously reported in the altcoin news.

The CEO of MicroBT, Yang Zuoxing has been taken into custody by native regulation enforcement authorities in an open investigation probably involving tens of hundreds of thousands of dollars, which is reported by the Chinese news outlet BlockBeat . Stating that the arrest of Zuoxing is said to profiting from sure insider info apropos the manufacturing of crypto mining hardware, the information outlet wrote:

“The danger of starting a business within the mining circle could be very high. Not only should the company be prevented from being arrested by the previous membership.”

Top-of-the-line engineers at Bitmain was Yang, and he helped within the designing of the company’s crypto mining gear, like Antminer S7 and S9. MicroBT was began after some time by Zuoxing, as his personal crypto mining chip firm. He claimed again then that the hardware of MicroBT was nearly as good, if not better than Bitmain’s. Yang said:

“MicroBT’s flagship Whatsminer M10 can ship higher power efficiency than Bitmain’s S9i [and we are working] on upgrades to stay competitive as Bitmain rolls out new products. Their know-how is nice, but ours is just too.”

Bitmain filed a lawsuit, after some period, towards Zuoxing’s firm for patent rights. As a result of a scarcity of distinctive creativity, China’s State Mental Property Workplace (SIPO) dismissed Bitmain’s patent stating a scarcity of unique creativity. In accordance with SIPO:

“If a technological answer sought by a patent has totally different traits than present applied sciences, but such difference is public information, then it’s obvious the solution would incorporate this public information.”

It isn’t clear at this moment why the Chinese Police are investigating Zuoxing nevertheless it seems as it has something to an mental property infringement dispute that Bitmain and MicroBT had. This all adds up with Bitmain’s co-founders preventing each other to take full control over the enterprise, to the civil warfare occurring at Bitmain that would have critical implications on the company’s nature.

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