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.
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more
Do Kwon Faces Possible Trial In Korea After US Conviction
Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more
Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin
Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more
KakaoBank Expands In Indonesia Through Superbank Partnership
KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more