Chinese Police Conduct Snap Raid of MicroBT Premises, Arrests CEO

Chinese Police Conduct Snap Raid of MicroBT Premises, Arrests CEO – InsideBitcoins.com

Last Updated on Zuoxing Yang, the founder and head of Chinese cryptocurrency rig manufacturer MicroBT, has been put in police custody after investigations into intellectual property theft were leveled against him. Yang was taken into custody by the Shenzhen Police on November 8, with law enforcement claiming that his presence was required in a bid to help their investigation, according to a by local news source The Block Beats.