Former 360 Executive Accuses Zhou Hongyi of Financial Fraud

2025-12-16 09:26

Yu Hong, a former executive at 360, has accused the company's founder, Zhou Hongyi, of financial fraud involving fabricated accounts worth tens of billions of yuan. Yu, who has significant influence in the blockchain and internet sectors, announced plans to release supporting data online. He specifically criticized Zhou for falsifying records related to the gaming business. Yu previously founded a game company that was acquired by 360 and was a leader in the '3 AM Blockchain Group,' which includes notable figures like Sequoia’s Shen Nanpeng and Zhou Hongyi. The full extent of the alleged fraud remains unclear.

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