BlockBeats News, January 15th, today Xunlei (Nasdaq: XNET) restarted the lawsuit against former CEO Chen Lei and his core team, accusing them of infringing the company's interests and claiming up to 200 million RMB. The case has been accepted and filed by a relevant court in Shenzhen, Guangdong, China. In September 2020, Xunlei issued an announcement accusing former CEO Chen Lei of embezzling millions of RMB of company funds for speculation, arranging for relatives to fabricate contracts within the company to misappropriate company funds, and Chen Lei had already left the country with his lover in April 2020.In June 2017, Chen Lei was appointed CEO of Xunlei Group. One month later, Xunlei renamed its product Money Cat to Wanke Cloud and issued the Wanke Coin cryptocurrency. Xunlei changed the cash subsidy model to a model where users would receive cryptocurrency based on the amount of resources they shared themselves. 4 million Money Cat players became Wanke Cloud miners, and the price of Wanke Coin on the trading platform surged from 1 cent to over ten RMB. That year, Xunlei relied on selling Wanke Cloud, with daily revenue reaching hundreds of millions, becoming one of the rare highlights in Xunlei's history.