According to a report from BNN Bloomberg, Yang ZUOXING, the founder of MicroBT, the world’s fastest-growing crypto mining chip designing company was arrested in Shenzhen on charges of embezzling funds from one of his clients.
The arrest itself was conducted in October of 2019, but an official comment from the police was made on December 12th. MicroBT is the biggest rival of a crypto mining equipment manufacturing giant Bitmain and was founded by the person that actually got Bitmain to where it is now.
The patent was named Whatsminer 20 series managed to become a bestseller in 2019 and seems to be able to continue doing so well into 2020.
As for MicroBT’s performance and credibility, it can be said that nothing much will change even if Yang is found guilty. This is due to Yang’s already known absence with the company after the general hardware design.