Police Arrest Two For Crypto-currency Fraud
"); jQuery("#212 h3").html("
"); });
2019-03-01 HKT 07:10
Share this story
Police have arrested two men on suspicion of conspiracy to defraud. One of them is believed to be Wong Ching-kit, known as Coin Young Master for his links to cryptocurrency. He was also the man suspected of throwing money in Sham Shui Po last year.
The pair allegedly made false claims at investment seminars and on social media.
The money involved came to more than HK$2.6 million dollars. One alleged victim claims to have lost HK$1.1 million dollars as a result of their action.
Five million dollars worth of assets belonging to the company linked to the pair have been frozen.
Computers and documents have also been seized.
TOPPAN Edge And Partisia Partner For Fully Privacy-Focused Digital Identity Solution
TOPPAN Edge is partnering with Partisia to develop a fully privacy-focused digital identity using Partisia’s Decentr... Read more
Livi Bank Achieves HKD2.9B In Customer Deposit Growth
livi Bank reported a total operating income of HK$220 million in 2024 in its latest annual report results, marking a 76... Read more
OSL And Ant Digital Partner To Drive Real-World Asset Tokenisation
OSL Group (863.HK), a publicly listed company for digital assets, and Ant Digital Technologies signed a Memorandum of U... Read more
WeLab Bank Hits Profit In 2025 With HKD750M Revenue
WeLab Bank achieved profitability in Q1 2025*, continuing from 2024 when it achieved breakeven within four years of its... Read more
Adoption Of GenAI Rises In Hong Kongs Financial Sector, Though Focus Remains On Internal Operations
In Hong Kong, financial institutions are increasingly adopting generative artificial intelligence (genAI), aiming for e... Read more
HKMA Forms CargoX Expert Panel To Modernise Trade Finance
On 28 April 2025, the Hong Kong Monetary Authority (HKMA) announced the creation of an Expert Panel on Project Cargox. ... Read more