Shocking! ! Bitmain's organizational structure has undergone a shocking reversal

A screenshot of an email circulated on Chinese social media showed an email signed by "Jihan Wu" and sent to all Bitmain employees, saying, "According to the decision of Jihan Wu, the founder of Bitmain, chairman of the board of directors of Bitmain Group, legal representative and executive director of Beijing Bitmain Technology Co., Ltd., Zhan Ketuan is relieved of all his positions in Bitmain, effective immediately."

The email also stated that no Bitcoin Mainland employee is allowed to follow Zhan Ketuan’s instructions or attend meetings convened by Zhan Ketuan. “If there is any violation, the company will consider terminating the labor contract depending on the severity of the circumstances. If the company’s economic interests are damaged, the company will pursue civil or criminal liability in accordance with the law.”

According to industrial and commercial registration information, Beijing Bitmain Technology Co., Ltd. underwent industrial and commercial changes, and the legal representative was changed from Jihan Wu to Micree Zhan. In addition, Jihan Wu also took over the position of executive director from Micree Zhan.