The power struggle between the two co-founders of Bitmain, Micree Zhan and Jihan Wu, seems to have reached new heights as Zhan appears to be re-routing its financial flows to entities fully controlled by him.
This is part of a public service announcement posted on Bitmain’s Weibo (NASDAQ:WB) and WeChat pages, which notified customers that Bitmain’s payment credentials and email have changed. These appear to be pointing to accounts controlled by Zhan.