What Happened to Bitmain Yesterday (Series 3)

Wu Blockchain exclusively learned that on the evening of the 10th, Zhan Ketuan’s newly hired HR announced a series of personnel appointments and dismissals in multiple WeChat groups, and uniformly accused employees of serious violations of discipline, serious dereliction of duty, and causing major losses to the company.

Wu Blockchain exclusively learned that these appointment and dismissal documents were issued from May 25 to June 9, including the dismissal of Liu Luyao (CFO), Wang Wenguang (head of the mining center), and others; the appointment of Ma Yanwu as HR director; Zhao Fei as assistant HR director; Ren Gang as head of the mining center; Sun Yonggang as head of the supply chain; Zhu Bin as head of the mining machine business department; and Gu Ling as financial director. Zhu was the head of Bitmain's mining machine sales in 2019, but left due to a "sudden incident" and a lot of customer feedback.

The information publicly released by this HR contained the ID numbers of many employees, which is suspected of violating Article 19 of the "Resident Identity Card Law of the People's Republic of China": If staff of state organs or financial, telecommunications, transportation, education, medical and other units disclose the personal information of citizens recorded in the resident identity cards obtained in the course of performing their duties or providing services, and if it constitutes a crime, they shall be held criminally liable in accordance with the law.

Zhan Ketuan dismissed all employees and said that the reason for the dismissal was "serious violations of discipline, serious dereliction of duty and causing significant losses to the company, so the labor contract was unilaterally terminated", but he did not specify the specific reasons for the violations. Many Bitmain employees questioned the fairness of this statement, whether it involved illegal defamation, and whether "not standing in line" would lead to "violation of discipline."

Earlier, Wu Jihan issued a letter to all employees on the 9th, stating that Zhan Ketuan had no right to hire any personnel to join the company and had no right to terminate the labor contract of any colleague.

Subsequently, Zhan Ketuan issued a statement through Bitmain’s official account, emphasizing that the official seal had been replaced. It is suspected that Zhan Ketuan obtained the ownership of the official public account through the business license and official seal.

Bitmain Hong Kong also reiterated that the official account login status was abnormal and the content was false.

According to Blockchain, Zhan Ketuan asked the Shenzhen factory to stop shipping to customers and withheld the mining machines of customers who had paid. Wu said that the Shenzhen supply chain team controlled by a small number of mining machine R&D and AI R&D and his relatives seemed to have turned to Zhan. However, Zhan was unable to access Beijing Bit's IT and finance, so he required customers to pay him before shipping.

Zhan once brought a close miner to work on the 25th floor, and the miner helped Zhan handle some "personal affairs". If, as Ludong said, the miners had paid for the futures contracts, Zhan would transfer them to his close miners and collect fees, which may lead to legal disputes later.

In addition, it is reported that Zhan Ketuan is trying to buy out the employees and Wu Jihan's shares with a valuation of 4 billion US dollars for 1 billion US dollars. Wu Jihan said in his statement that "the boat has passed through thousands of mountains" and seemed optimistic about regaining the legal representative of Beijing Bit.

Original article, author: Wu said blockchain, if reproduced, please indicate the source: http://www.haimanews.com/?p=2102