Chinese Court Freezes $676k In Assets Of Bitmain’s Subsidiary
The Shenzhen Bao’An District Court in China has ruled to freeze roughly $676,000 in assets of a subsidiary of Bitcoin mining giant Bitmain. On a Dec. 13 court filing, the Shenzhen Bao’An District Court ordered to freeze 4,718,710.68 yuan ($676,000) of Bitmain’s wholly-owned subsidiary:- Shenzhen Century Cloud Core. An application submitted by manufacturer of electronic components, Dongguan Yongjiang Electronics caused the ruling to follow. Dongguan Yongjiang asked the court t