ViaBTC, CoinEX Founder Haipo Yang Officially Released from Chinese Prison After Months of Rumors

Haipo Yang is responsible for founding both CoinEX and ViaBTC, but his time in the media lately has been discussing him for another reason.

He seemed to disappear off the radar several months ago, leading many people to speculate what became of him. However, CoinSpice discovered that he has been arrested and imprisoned in China for at least two and a half months. The founder was just released from the prison this morning.

The last time anyone had actually heard from Haipo Yang was in October last year, though the news that he was imprisoned was originally broken by Jane Wang. At the time, the reports that he was arrested were denied, and the only information for anyone in the industry to go off of was the vague tweets and the lack of transactions on CoinEX.

So far, there is not much certainty about the reasons for the arrest, detainment, or even the release. In early November, Ms. Wang said,

“The rumor first appeared in a private WeChat group called ‘Real China Power’ by Chinese blockchain executive Elly Zhang (@cryptovenus), saying that Mr. Haipo Yang had been arrested and was under control at Nantou Police Station in Shenzhen.”

Additional speculation about the arrest says that a pending initial coin offering (ICO) could’ve been brought to the attention of the authorities. This would explain the need to question Yang about the actions in China, considering their ban against crypto activities, apart from a few miniscule exceptions.

Now, it looks like Yang’s first court of action is to become active on Twitter again. So far, the only thing he has posted is a reposted tweet from Roger Ver, which links to a CoinSpice article titled, “Lightning Network Vs. Bitcoin Cash: Onboarding, Spending, Reliability.”

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