The former CEO of Bitmain, Jihan Wu, has supposedly started a FinTech platform dubbed, Matrix, reports a crypto news site citing an active twitter handle who has been in or around the Bitmain drama for quite some time now. News surrounding this matter was first revealed by Twitter user, BTCKING555, who happens to be considered a ‘reliable source’ for crypto related information.

In their first tweet, he mentioned Jihan’s supposed startup, which the Twitter user does not seem to be entirely supportive of after the former CEO lied to institutions about Bitmain’s financial stance.

In particular, Wu along with Bitmain’s CFO lied about the numbers coming in via Bitmain to get investors hyped about the proposed Bitmain IPO.

The Bitmain IPO with the Hong Kong Stock Exchange has since failed, as the team at Bitmain failed to attend the Committee hearing on time. BTCKING555 further argued that Wu’s endeavor will not attract investors, and here’s a look at his reasoning, which clearly goes back to Wu previously deceiving investors:

Of all the claims made, BTCKING555 finds it doubtful as to why Bitcoin Cash [BCH] was not mentioned. This comes from the fact that Wu lost his position for having stuck by Roger Ver, CEO of Bitcoin.com’s side in relation to BCH. In particular, he said:

“Sounds very odd as he [Wu] was one of the major proponents! Info we have Macree gave him warning to dial down the support and follow Bitmain’s action on this!”

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