Why did Xu Yiji leave Ant Group (Is Xu Yichun back in China)?

Why did Xu Yiji leave Ant Group? Today, Xu Yiji suddenly left Ant Group, why did he leave? 1. The reason why Xu Yiji left Ant Group

On June 18, 2018, Xu Yiji was sentenced to 15 months in prison in a trial at the Hangzhou Internet Court. He chose to resign because he “did not understand blockchain” and had “faith in blockchain”; in mid-October 2019, Xu Yiji once again went to Beijing and Shanghai to investigate blockchain and participated in a discussion with Professor Chen Xiaohua from the Department of Computer Science at Zhejiang University. He also gave a lecture in Hangzhou on the topics of “How to Understand Bitcoin” and “What is Money?”, and popularized relevant concepts and technical knowledge to the audience. 2. Why are there frequent “scams in the cryptocurrency market”? Xu Yiji said that the current market lacks awareness of digital currencies. To some extent, “scams in the cryptocurrency market” have become a hot topic in recent years. Since April 2018, with the tightening of regulatory policies, many virtual currency exchanges have experienced a large number of running away events. Various fraudulent activities such as “air projects” and “air wallets” continue to occur. 3. When did Xu Yiji join the company? Xu Yiji has been paying attention to speculation and manipulation by Bitcoin investors for a long time. In early 2016, many investors flocked to the Bitcoin field for speculation when the price of Bitcoin was at a historical low. But it was not until the end of 2017 that people gradually realized the importance of this industry and believed that it had existed for a long time. In May 2014, Xu Yiji founded the Ant Technology platform. In late March of this year, Ant Group CEO Zhao Hongmin announced his resignation from the company to serve as chairman and CEO. This means that the Ant Group team is now transitioning to try new businesses. At the end of 2018, Wang Donglin, co-founder of Ant Group, said: “I personally prefer to hold Bitcoin. However, as an entrepreneur, we must put more funds on Bitcoin rather than Ethereum. Because if a project can really succeed or fail, all the chips will be scattered in that market, and no one will intervene or participate anymore. Therefore, in the future, we need to be more flexible and be able to allocate our assets, such as our token-EOS.”

Is Xu Yichun back in China?

Editor’s note: This article is from Chain News (ID: chainnewscom), written by Wang Zelong, and authorized by Planet Daily to publish. At around 1:50 AM Beijing time on March 8, “Father of Blockchain” Xu Yichun posted on Weibo: “I have placed my whereabouts and his traces in Switzerland.” He then reposted and commented: “It’s a pity! China is not China… We don’t have Chinese people.” So the question arises-why did Xu Yichun suddenly run abroad? What is the situation? “Xu Yichun’s Chinese name is Zhang Xiaoping,” is he the “Godfather of the coin circle”? And where did these people go? According to Huaxia Times, Zhao Dong was sentenced to five years in prison for participating in an Internet cafe manipulation case, with a maximum sentence of three years; Li Jiaxuan used fraudulent means to defraud hundreds of thousands of dollars online for money laundering. It is reported that he fled to Singapore in July last year, and then went to the UK to find relevant clues. “If you don’t go abroad, you may find it difficult to recover your identity,” an anonymous person said. “Because they can’t find your real name, they can only help you contact them. But in fact, their job is to engage in illegal transaction operations outside the United States.” He also mentioned a company called BitcoinGroup in Hong Kong. Prior to this, the platform had applied for bankruptcy protection from the Hong Kong Stock Exchange. (Image source) In early 2018, OKCoin announced the establishment of a new entity to support the digital currency project ICO, jointly operated by Huobi Group and Japan’s SBI Holdings. According to the announcement, Huobi Global Station will officially launch the BTC/USDT trading pair in early April, and will also launch the BTC/ETH trading pair. Users can use Bitcoin to recharge and other encrypted assets. In addition, Huobi also plans to establish a dedicated OTC platform to provide customers with real-time market information, off-market prices, and other information services. (Image source: Cryptopotato) However, due to disputes caused by domestic legal policy reasons and the active promotion of cracking down on cryptocurrency mining activities by several countries, including South Korea, recent attention has been paid to the lawsuit filed against Xu Yichun, the founder and CEO of SMTecurities, and others. In mid-June 2020, Xu Yijie fled to France with some assets and was detained during the local police investigation. At the end of 2019, Xu Yijie reappeared in the United States and expressed his willingness to undergo court review and prosecution in the future. The progress of the case is still uncertain at present.