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Xunlei’s stock slips after former CEO is accused of ‘cryptocurrency speculation’ (AMBCrypto)

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Xunlei, a $220M-worth Nasdaq-listed cloud computing and blockchain company based in China, is at the center of a controversy after the company announced that its former CEO, Chen Lei, was under police investigation for dereliction of duty and embezzlement. Lai is also accused of misappropriating tens of millions of yuan over the past year in
The post Xunlei’s stock slips after former CEO is accused of ‘cryptocurrency speculation’ appeared first on AMBCrypto.

Xunlei, a $220M-worth Nasdaq-listed cloud computing and blockchain company based in China, is at the center of a controversy after the company announced that its former CEO, Chen Lei, was under police investigation for dereliction of duty and embezzlement. Lai is also accused of misappropriating tens of millions of yuan over the past year in […]

The post Xunlei’s stock slips after former CEO is accused of ‘cryptocurrency speculation’ appeared first on AMBCrypto.

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