The report identified the victim as CEO Lü of a computing power technology company in southwest China, whose mining pool was said to have once accounted for 9% of global Bitcoin hashrate.
A Chinese cryptocurrency industry executive was scammed out of more than $9.4 million in the United States, or about 60 million yuan, according to Caixin. The report identified the victim as CEO Lü of a computing power technology company in southwest China. It said the company’s mining pool had at its peak accounted for 9% of global Bitcoin hashrate (the total computing power securing the network), underscoring the scale of the business tied to the case.