Hong Kong Police Arrests 5 Suspects Involved in $8.1M MyCoin Bitcoin Scam
March 6th, 2015

The Hong Kong’s police arrested five individuals, who have allegedly been involved in MyCoin’s investment scheme.

Hong Kong’s Central Bank Warns Against Bitcoin in Wake of Ponzi Scheme
February 10th, 2015

The Hong Kong Monetary Authority warned public against investing in digital currencies amid local media reports that a bitcoin exchange had run off with $387M in client funds.

Bitcoin Exchange Platform MyCoin Closes up with $387M from Investors
February 9th, 2015

The unexpected closure of a Hong Kong-based bitcoin trading company leaves 3,000 investors with losses of $387M USD.