[Xunlei Resumes Lawsuit Against Former CEO Chen Lei for Alleged Misappropriation of Tens of Millions of Company Funds for Crypto Trading] BlockBeats News, January 15: Today, Xunlei (Nasdaq: XNET) resumed its lawsuit against former CEO Chen Lei and his core team, accusing them of harming the company's interests and seeking damages of up to 200 million yuan. The case has been officially accepted and filed by the relevant court in Shenzhen, Guangdong, China. Back in September 2020, Xunlei issued a statement accusing its former CEO Chen Lei of misappropriating tens of millions of company funds for cryptocurrency trading, fabricating contracts within the company to embezzle funds, and fleeing abroad with his mistress in April 2020. In June 2017, Chen Lei was appointed as CEO of Xunlei Group. One month later, the "Zhuanqianbao" (Profit Treasure) product was renamed "Wankeyun" (Play Cloud) and launched the virtual currency "Wankebi" (Play Coin). Xunlei shifted its cash subsidy model to one where users earned virtual currency based on the amount of resources they shared. Four million Zhuanqianbao users became Wankeyun miners, and the price of Wankebi skyrocketed on trading platforms from 0.01 yuan to over ten yuan. That year, Xunlei achieved daily revenue of over 100 million yuan from Wankeyun sales, marking one of the few highlights in Xunlei's history.