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Jihan Wu, former CEO of Bitmain, the Bitcoin mining producer, has fled social media worried about the cryptocurrency community, especially for the co-owner of Bitcoin.org and Bitcointalk.org, known by his pseudonym Cobra.
The problems started in November, when the Bitcoin Cash community was split between Jihan Wu and Bitcoin Cash ABC by Roger Ver and Bitcoin Cash SV by Craig Wright. The two factions have had a heated dispute, following which the currency has turned into two new cryptocurrencies, which currently occupy positions in the top-10 list.
Market forces have lowered criptos prices to an annual low after this division. Bitmain also downgraded Jihan Wu from the director to the supervisor in November and the following months, the rumors about the resignation of co-founders Jihan Wu and Ketuan Zhan began to fluctuate.
Both Jihan Wu and Ketuan Zhan have been targeted since the end of last year. Wu has been criticized not only by Bitmain, but by the cryptocurrency community for supporting Bitcoin Cash, which has been on a downbeat basis since the asphalt, with Zhan being criticized for its poor diversification decisions.
While both Jihan Wu and Ketuan Zhan will continue to be part of the company as a stakeholder, Wu will be eliminated as CEO of Bitmain with an upcoming appointment. However, since the news of this replacement emerged, Jihan Wu withdrew from social media, leaving many worried.
Cobra, co-owner of bitcoin.org and a friend of Jihan Wu, expressed his concern over Wu's "sudden disappearance", saying:
"Jihan has disappeared from Twitter, I'm the last person to whom he replied even before his sudden disappearance, very worried about him, I can not even imagine the stress he's going through at the moment. another, I hope you are OK brother. "
Some Twitter users are even dwelling on the confines of the obscene theories of the disappearance of the former CEO of Bitmain, with a user who says:
"I could be completely wrong, but my knowledge of low-opinion, low-opinion Chinese public opinion is, if your big business fails, there are serious and dangerous personal consequences."
Bitmain is not doing very well since the "crypto-winter" was introduced. The research and development department of the company based in Israel has been cut by 50%. They have scaled down their Bitcoin Cash development team.
Furthermore, in December 2018, a lawsuit was filed in Bitmain by United American Corp. on the basis of manipulation of the "hardfork" during the BCH division. Furthermore, towards the end of November 2018, the miners filed a lawsuit against Bitmain, claiming that the company's device has extracted the cryptocurrencies for the benefit on Bitmain rather than the current user.
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