Prosecutors in Shenzhen, China, on Thursday last week said in a statement that Yang had been arrested on suspicion of embezzlement and that legal procedures were ongoing. The statement omitted the second of three Chinese characters that make up Yang’s full name, likely to shield his identity. It did not mention Bitmain or MicroBT (比特微), the cryptomining company Yang founded a month after quitting Bitmain. The Beijing-based company last year lost a court ruling against MicroBT over allegations that Yang’s start-up infringed its patent rights. Yang, the majority shareholder of MicroBT, graduated from Beijing’s Tsinghua University with a doctorate in mechatronics before entering the chip-design industry.

Source: Taipei Times December 16, 2019 15:56 UTC