Bitcoin playboy who ‘made it rain’ accused of HK$3M fraud

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You might remember Wong Ching-Kit, the self-styled Bitcoin BTC ‘millionaire’ behind last month’s outlandish publicity stunt, which saw thousands of dollars rain from the sky in one of Hong Kong‘s poorest neighbourhoods.

Well, four angry blockchain speculators have accused Wong of cheating them out of HK$3 million ($380K), after purchasing his special (and ultimately worthless) cryptocurrency mining machines, reports South China Morning Post.

The equipment was supposedly tailored specifically for Wong’s new cryptocurrency and were sold with promises the rigs would return a profit within three months.

Unfortunately, such a premise only holds weight if the cryptocurrency mined by the machines is worth something. Turns out, the coins are yet to be traded anywhere, rendering any coins mined completely valueless, along with

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Read full article » https://thenextweb.com/hardfork/2019/01/07/hong-kong-bitcoin-fraud-make-rain/


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