One of the leading cryptocurrency miners, Bitmain sues rival mining pool Poolin over the violation of a non-compete agreement. Poolin is the seventh largest pool which was founded by the former employees of Bitmain.

The co-founders of Poolin, CEO Zhibiao Pan, COO Fa Zhu, and CTO Tianzhao Li, said the non-compete agreement did not bound them anymore. Therefore, the Poolin founders sued Bitmain in the first place demanding release from the non-compete agreement. In retrospection, Bitmain had nullified their contracts on the basis of their failure of paying compensation on time.

In return, Bitmain countersued them claiming a big loss of the company. The loss happened as the employees left the organization to start a new competing mining pool as said by the mining giant. Bitmain has demanded $4.3 million as damage repair. It has also asked the former employees to acknowledge and respect the non-compete agreement.

This legal case has to some extent exposed the inner working mechanism of the mining giant. This legal dispute had gone unnoticed by the public. Recently, video footage where two sides made their respective cases came to the forefront.