Former 360 Executive Launches Late-night Attack on Zhou Hongyi: Accuses Him of Financial Fraud, Plans to Publicly Disclose Evidence Online

BlockBeats News, December 16th. According to community sources, Yu Hong, former 360 executive and founder of XMAX, launched a fierce attack on 360 Group founder Zhou Hongyi late at night on WeChat Moments and in the community. He stated that helping Zhou Hongyi falsify accounts involved at least tens of billions and that he still has the data, which he will make public across the entire network. He indicated that all financials of Zhou Hongyi's games were fabricated and expressed that knowing Zhou Hongyi was a big mistake, as he had been cheated out of a lot of money.

Yu Hong is a well-known figure in the Internet and blockchain circles. He founded the game company Gamewave in his early years. After it was acquired by 360 in 2014, Yu Hong joined 360 as a senior vice president. During the 2018 Spring Festival, he initiated the "3 o'clock Blockchain Group," which still has hundreds of members, including Shen Nanpeng of Sequoia Capital, Zhou Hongyi, chairman of 360, Xue Manzi, and Shen Bo, a partner at Distributed Capital.