Bitmain co-founder in legal war against shareholders of the company

Reportedly Bitmain co-founder in legal war against the shareholders of his company controversy is the latest buzz in the cryptocurrency sphere. Micree Zhan Khetuan has filed court proceedings against company shareholders to restore his voting control, Bloomberg reported. Bitmain co-founder in legal war against shareholders Micree Zhan Khetuan owned four million Class B shares, which translated to ten votes per share. However, the shareholders decided to reduce Zhan’s control of the firm by reducing each Class B share’s value to one vote instead of ten. As such, Zhan asked Cayman Islands Court to discredit this decision and restore his power.