Former 360 Executive Launches Late-night Attack on Zhou Hongyi: Accuses Him of Financial Fraud, Vows to Reveal Evidence Online

By: theblockbeats.news|2025/12/16 09:46:02

BlockBeats News, December 16th, according to community sources, Yu Hong, former 360 executive and founder of XMAX, launched a fierce attack on 360 Group founder Zhou Hongyi late at night on WeChat Moments and in the community. He claimed to have helped Zhou Hongyi with false accounting involving at least tens of billions and still retains the data. He will make it public across the entire internet. He stated that all of Zhou Hongyi's game finances are fabricated and expressed that knowing Zhou Hongyi was his biggest mistake, as he has been swindled out of a lot of money.

Yu Hong is a well-known figure in the internet and blockchain community. He founded a game company in his early years, later selling the company to 360 and joining 360 as a senior vice president. During the 2018 Chinese New Year, he initiated the "3 O'Clock Blockchain Group," which still has hundreds of members, including Shen Nanpeng from Sequoia Capital, Zhou Hongyi, chairman of 360, Xue Manzi, and Shen Bo, a partner at Distributed Capital.

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