Why was an official in a small Chinese city arrested for "mining"?
wublock.substack.com
Original link: https://mp.weixin.qq.com/s/R6KGHyqsQmYZFTnoZmWqog Foreword: How a company located in Fuzhou, a small city in China, colluded with Chinese government officials and businessmen, and was finally arrested. It is also worth noting that the Chinese company, which had a complex legal battle with Genesis mining, was sued for illegally misappropriating nearly 500,000 of its GPUs and other Bitcoin ASIC miners. Genesis mining has suffered such a heavy loss that it has received more than $1 billion in financing from FTX in 2021–2022. This is also the most absurd and huge investment that FTX may embezzle customer savings and invest.
Why was an official in a small Chinese city arrested for "mining"?
Why was an official in a small Chinese city…
Why was an official in a small Chinese city arrested for "mining"?
Original link: https://mp.weixin.qq.com/s/R6KGHyqsQmYZFTnoZmWqog Foreword: How a company located in Fuzhou, a small city in China, colluded with Chinese government officials and businessmen, and was finally arrested. It is also worth noting that the Chinese company, which had a complex legal battle with Genesis mining, was sued for illegally misappropriating nearly 500,000 of its GPUs and other Bitcoin ASIC miners. Genesis mining has suffered such a heavy loss that it has received more than $1 billion in financing from FTX in 2021–2022. This is also the most absurd and huge investment that FTX may embezzle customer savings and invest.