BlockBeats news, on December 16, according to community sources, former 360 executive and XMAX founder Yu Hong fiercely criticized 360 Group founder Zhou Hongyi late at night on WeChat Moments and in community forums. He claimed that helping Zhou Hongyi cook the books would involve at least tens of billions, along with retaining data. He will make it public across the internet. He stated that all of Zhou Hongyi's games involve financial fraud. He also expressed that knowing Zhou Hongyi was the biggest mistake and that he was swindled out of a lot of money.
Yu Hong is a well-known figure in the internet and blockchain circles. He founded a gaming company in his early years, later sold it to 360, and joined 360 as a senior vice president. He initiated the '3 o'clock blockchain group' during the 2018 Spring Festival, which still has hundreds of members, including Sequoia Capital's Shen Nanpeng, 360 Chairman Zhou Hongyi, Xue Manzi, and distributed capital partner Shen Bo.