Chinese police are holding the founder of Bitmain rival MicroBT over suspected allegations of intellectual property infringement. The founder of Bitcoin mining rig manufacturer MicroBT is being held as of Nov. 8 by Shenzhen Police to assist in an investigation, according to a local source. Police are likely to be questioning Zuoxing Yang over allegations of intellectual property infringement regarding the technology of Beijing-based Bitmain.Previous allegations of patent infringementYang previously worked at Bitmain as processor design director, and developed the Antminer S7 and S9 models. Allegedly unhappy after talks over stock options fell through, Yang left, and raised $20…
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Chinese Police Hold MicroBT CEO Allegedly Over Dispute With Bitmain


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