Renren Mine Executives Investigate Police, FIL Mining Finds In China

Several executives of IDF mining trader Renmin Mine have been investigated, some investing millions of dollars or losing money.

On December 14, several directors of the Renren mine were removed from their posts by police from their Chengdu office for investigation, but they were still suspended. Currently, Renren Mine works almost exclusively on skepticism, in-app access is not possible, users cannot withdraw money, and customer service sometimes responds, but please keep all the world in the know.

This is another investigation into another former FIL miner after the Star Alliance was investigated by police over allegations of fraud in November.

Market analysts said staff at the FIL house were under investigation by police or planned to "flee."

1,Management has been fired for research and staff have returned to work

Recently, news broke that several senior executives from RRMine, a well-known FIL mining investor, were taken into custody on December 14.

“Lianxin” is currently only available on two versions of the official Renrenmine website (renrenmine.com). One is a statement that it should not sell electronics in mainland China, and the other is a warning to consumers to be careful of post-censorship. User ID to avoid being scammed.

On December 22, "Lianxin" came to the IN99 office of Renren Mine-Chengdu Yintai Center as a trader. Renren Mine's main internal company, Anmaiyun, is still employees, and it has been discovered that company employees have fired their agents, and the investigation is ongoing. However, the director said, “This is not an arrest, but an attitude of understanding the situation and participating in the investigation. "The company's technology is still working, but there is no way to get it back."

But with Renren Mine's sales team, the situation is different. We received feedback from customers and asked them to explain the police investigation.

Responding to investor surprise, the customer center responded, “Due to the update there is a bug in the server, so remove the parts now. "Please be patient and wait for the announcement." “I'll share your news ASAP, so don't joke. Want” and so on.

On December 22, the customer service center said, “With the cooperation of the relevant agencies, the services will be suspended and the service will always resume after the investigation. Sorry for the inconvenience.

This is the first time customer service has confirmed that the company is investigating.

Entrepreneur Xiao Li (smart name) told Lianxin that he invested more than one million RMB in the Renren mine. After seeing that executives of Renren Mine had been arrested a few days ago on the internet, his first response was "done", he was quick to request the withdrawal of the application, but then could not access the application because their account is not available. job. He called those responsible for the case in Heze, Shandong Province, to clarify the situation, but did not receive specific information except that some cases were involved and are under investigation.

Many investors have invested hundreds of thousands or millions of yuan in phosphorus mines. Relax. At the same time, the customer service center reported that some removal requests were done manually, but few people said they received them.

Prior to the announcement, "Lianxin" had called Anmai Cloud and related agencies, but had not received a response.

2,The mining industry behind "big tech"

Renren Mine, also known as RRMine or renrenmine, is a well-known FIL miner in China, with operations spread across many countries around the world.

According to the research company, the brands "RRMine" and "RRMine" are owned by Youcai Co., Ltd. and Wu Wenjie is the director of the company. In addition, Hainan Anmaiyun Network Technology Co., Ltd. also used for the registration of these two marks, and the legal representative of Anmaiyun is Wu Wenjie. Wu Wenjie has 50.41% directly involved, some not directly.

As the official Renren Mine website overseas, RRMine was established in 2017 and is a repository of Hong Kong SuperB Grace Limited, focused on providing secure and transparent distribution services to current users.

People familiar with the matter told Lianxin that Renren Mine will primarily provide ETH and BTC electricity services in 2017 and 2018. We will start servicing IPFS power supplies in 2020 and beyond. In industry, 2-3 out of 10 FIL mining nodes around the world are Renren Mine, with Renren Mine accounting for up to 10% of Filecoin's global computing power.

At the 2021 world blockchain conference held in Hangzhou on July 25, Fang Yan, president of RRMine East China, said that Renren Mine's IPFS China business has completed exporting to Australia, Germany, the United States, China and other countries, and there are four Regions. It is located in a large state and nine large regions with over 800 PiB of calculated power.

According to atpool.com statistics, the current capacity of the number of FIL networks is 14EiB, and as of July 25, the total number of networks is 8EiB (up to 10 times 800PiB).

In 2020, RRMine Global Director Zou Yongcheng announced in an interview with News that the third largest RRMine BTC electronic control and packaging industry, and RRMine ranked 8th in the Filecoin 2020 Global Competition Rankings.

According to mainstream media, Wu Wenjie has started to get his masters and doctorates from China University of Electronic Science and Technology.

In 2013, Wu Wenjie, then Managing Director of Sobey New Media, resigned and founded Moyun Technology. From 2014 to 2017, the company received several investments from Ventech China, Qifu Capital and Xijin Capital. The total income was made up of several dozen. millions of dollars.

After the establishment of the Renren mine in 2017, Wu Wenjie's former partners also entered the mining industry. According to the companies' research, Chen Lu, Dong Zheng, and many other Anmai Cloud traders are the original founders of Wu Wenjie's Mo Joint Venture. of technology.

With years of experience in internet and online marketing, Wu Wenjie's entrepreneurial spirit has gone very well. Newly established in 2019, Anmai Cloud became one of the first members of the "Chain Shanghai South" ecological alliance, and the Renren mine became China's first miner in just a few years.

However, Wu Wenjie rarely appears in the outside world as Renren Mine or RRMine. In front of the public and the media, he is the Founder, President and “Technician” of Anmai Cloud.

In September 2021, at the 2021 China International Services Fair hosted by the Ministry of Commerce and the Beijing Municipal Government, and the 2021 Digital Infrastructure Forum hosted by the People's Daily Online on December 4, Wu Wenjie was the founder and chairman headed by Anmai. Cloud. Self-taught.

Wu Wenjie said in an interview with Confederation Conference in March 2021 that the future of the market is when China's central cloud and airline distribution grow and expand, and is the company with the largest market share in the media.

At public events, Renren Mine or RRMine is usually represented by Renren Mine's global CEO Zou Yongcheng, but research firms say Zou Yongcheng has no stake in companies such as Anmaiyun and Youcai.

Three,China suppresses industry, IDF miners shaken

On September 24, 2021, 10 departments and directorates, including the central bank, announced the “Risk prevention and management notification notice. The announcement of virtual currency, ”and 11 departments, including the National Development and Reform Commission, were announced. has since published a "Virtual Financial Management Opinion". “Mining” Profits Since then, virtual currency exchanges, miners and other companies have announced their withdrawal from the Chinese trading company.

On September 30, Renren Mine's official website announced that due to its goal of improving the global platform market, RRMine will close all of its mainland China electricity sales business at 7:00 p.m. on September 30, Beijing time.

However, as described in the case, FIL is simply more difficult than BTC and other mining operations, requiring higher demands on computer rooms and hardware, and it is difficult to replace all FIL mining operations at abroad. Currently, no mining operations have been exported, including internal workers of FIL Renren Mine.

In November, Star Alliance, a well-known FIL mining company, was also the subject of a police investigation. According to a report released by the Xuzhou Public Security Bureau on November 6, the Xuzhou Fengxian City Public Security Bureau arrested 31 members of the Star Alliance Network Pyramid Organization in Shanghai, Wuhan and Shenzhen and in grabbed the profits below. Ethereum, TEDA, and FIL coins are worth around 400 million yuan.

A Star Alliance trader told Lianxin he had not been able to withdraw coins from his account since November. Star Alliance operator Xingchi (Shanghai) Network Technology Co., Ltd. Said that at the request of the police, the company has provided the necessary funds and rights to the police and will return to normal after completion. Comments.

Some legal analysts have said that mining FIL in China will not be profitable due to recent research on FIL domestic workers. Currently, Star Alliance has been classified as an MLM claim and the Renren Mine has yet to be ruled out, but that may not be the case as it is all about mining. The money involved in the case will be confiscated. However, the end result will have to wait for the announcement of approval.