# Bài viết Liên quan Xunlei

Trung tâm Tin tức HTX cung cấp những bài viết mới nhất và phân tích chuyên sâu về "Xunlei", bao gồm xu hướng thị trường, cập nhật dự án, phát triển công nghệ và chính sách quản lý trong ngành tiền kỹ thuật số.

"Wanke Cloud" Godfather Flees Overseas: The $200 Million Corruption Mystery of Chen Lei, Former CEO of Xunlei

Former Xunlei CEO Chen Lei, once hailed as the visionary behind the blockchain-based "Wanke Cloud" project, is now facing a 2 billion yuan lawsuit for alleged corruption and embezzlement. Appointed as CEO in 2017, Chen spearheaded the launch of Wanke Cloud, a device that allowed users to "mine" digital tokens by sharing bandwidth. The project initially drove Xunlei’s stock price up fivefold, but soon drew regulatory scrutiny over accusations of facilitating an illegal ICO. Internal conflicts and regulatory crackdowns followed, leading to Chen’s abrupt dismissal in April 2020. Xunlei accused him of funneling over 170 million yuan to Xingronghe, a shell company controlled by his close associates and relatives, through suspiciously fast-tracked payments. Chen also allegedly orchestrated the mass resignation of key employees to join Xingronghe, costing Xunlei millions in compensation. After his removal, Chen left China and has since remained overseas, complicating legal proceedings. Although criminal charges were dropped in 2022 due to insufficient evidence, Xunlei renewed its efforts with a civil suit filed in January 2026, seeking recovery of the misappropriated funds. Chen has expressed regret over his tenure, citing political friction and naivety in corporate dynamics. His story reflects the volatile intersection of technology, speculation, and corporate governance in China’s internet industry.

比推01/15 14:06

"Wanke Cloud" Godfather Flees Overseas: The $200 Million Corruption Mystery of Chen Lei, Former CEO of Xunlei

比推01/15 14:06

Thunderbolt Chen Lei Case: Dark Deals, Mistresses, and Cryptocurrency Black Money Under the Blockchain Frenzy

Lei Chen, former CEO of Xunlei and its subsidiary Wangxin Technology, is facing a 200 million RMB civil lawsuit filed by the company in January 2026 for alleged damage to corporate interests. The case, accepted by a Shenzhen court, revives earlier accusations from 2020 that Chen embezzled company funds through fabricated transactions and false contracts, diverting tens of millions of yuan into illegal cryptocurrency speculation. Chen, a tech elite with a background at Google, Microsoft, and Tencent, led Xunlei's pivot to blockchain in 2017, launching the popular "Wanke Cloud" device and its associated "Wanke Coin" (later renamed "LinkToken"). The initiative initially boosted Xunlei’s stock, but internal governance issues emerged. An audit revealed Chen allegedly funneled money through a controlled supplier, Xingronghe, and used company resources for crypto trading—violating China’s crypto ban. The case also involves Chen’s close relationship with Dong Xia, a senior VP he appointed, with whom he had a child—contradicting his prior denials. Both left China in April 2020, hindering a criminal investigation that was later dropped. The civil case now seeks accountability, highlighting early crypto industry risks and corporate governance failures in Chinese tech.

marsbit01/15 10:02

Thunderbolt Chen Lei Case: Dark Deals, Mistresses, and Cryptocurrency Black Money Under the Blockchain Frenzy

marsbit01/15 10:02

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