TechFlow news, January 15 — According to The Paper, Xunlei Company has filed a lawsuit against its former CEO Chen Lei, seeking up to 200 million yuan in damages. An insider revealed that during his tenure, Chen Lei is suspected of misappropriating tens of millions of company funds for illegal cryptocurrency trading, which is explicitly prohibited by the state. To evade investigation, Chen Lei left the country in early April 2020. The case has been accepted by a Shenzhen court, but investigative and evidence-gathering efforts face significant challenges due to Chen Lei being overseas.
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