Bitmain replaces the president of the mining machine business and cracks down on corruption behaviors such as "white gloves."

ChainCatcher news, according to Wu said blockchain reports, Bitmain released a personnel appointment letter signed by Chairman Jihan Wu on November 1, appointing Xiao Shengqiang as the President of the Mining Machine Business Department for a term of 4 years, and removing Du Shisheng from the position of President of the Mining Machine Business Department and EMT committee member. Xiao Shengqiang was a former financial staff member of Bitmain Shenzhen.

On November 2, Bitmain issued a letter to all employees, requiring those who have engaged in corrupt behavior to voluntarily report by November 6, and the company will not pursue criminal liability. Corrupt behavior includes soliciting or accepting kickbacks or bribes from customers/suppliers, profiting from the price difference in sales/purchases, including direct profits and profits through external "white gloves." (source link)