Bitmain co-founder and tech billionaire Wu Jihan resurfaces at the captain of Beijing-based mining giant Bitmain at a recent meeting with clients.

On Dec. ten, Bloomberg reported that Wu Jihan made a public appearance at a private upshot last Sabbatum in Chengdu, uppercase of southwestern Red china's Sichuan province, where he announced that Bitmain co-founder Micree Zhan Ketuan had stepped down from his leadership office at the company.

Zhan previously claimed that he was removed as a legal representative of the company without his consent later Wu Jihan had sent out an email which stated that Zhan had left the company:

"Bitmain's co-founder, chairman, legal representative and executive managing director Jihan Wu has decided to dismiss all roles of Ketuan Zhan, effective immediately."

Zhan expressed his disappointment and feelings of expose, proverb that he felt as if someone had stabbed him in the back "by those partners you trusted and brothers you fought together with." He added:

"Bitmain is our child. I will fight for her till the terminate with legal weapons. I won't allow those who desire to plot against Bitmain to succeed. If someone wants a state of war, we will give them one."

Now firmly dorsum in command, Wu Jihan announced new sales initiatives to concenter new clients, which reportedly includes the hope to seek deposits as low as twenty% for those who purchase Bitcoin (BTC) mining rigs in large bulk.

Cointelegraph contacted Bitmain regarding these latest developments only had yet to receive a response as of press time. This commodity will be updated if new comments come in.

Wu started new crypto fiscal startup Matrixport

In July, Wu officially launched a new cryptocurrency trading platform that purportedly offers over-the-counter (OTC) trading, lending and custody. Named Matrixport, the Singapore-based house reportedly hired dozens of one-time Bitmain employees that were laid off from Bitmain equally a event of the bear market of 2022. Bitmain reportedly promoted Wu's new initiative at the contempo event in Prc.