|
Title: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: NotAPonzi on February 09, 2015, 01:24:19 PM Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/ Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: sgk on February 09, 2015, 01:25:14 PM Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds. More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/ WHOAA.... $387 Million...! That's a lot of money! :o Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: rollingMyCar on February 09, 2015, 01:28:11 PM Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds. More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/ until now.. it seems who the news do not affect the bitcoin price!!!! hope the bitcoin price trend do not fall !!! ;) ;) ;) ;) Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Q7 on February 09, 2015, 02:09:09 PM Quote If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each. Oh my, not again. This is big. If it is true, it will definitely cripple investors confidence that they have towards bitcoin. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: gbianchi on February 09, 2015, 02:13:24 PM Quote If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each. Oh my, not again. This is big. If it is true, it will definitely cripple investors confidence that they have towards bitcoin. people must learn that Bitcoin is good, Centralized exchanges are bad. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Newar on February 09, 2015, 02:21:04 PM [...] taking with it possibly as much as HK$3bn ($386.9m) in investor funds.[...] That was the claim of the site. Now, why would you trust that number in any way? Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: HarmonLi on February 09, 2015, 02:22:00 PM Are we talking about investments in the form of money people put on the exchange in order to trade or other investments in term of capital support? The amount seems so incredibly high and puts BitStamps fiasco in perspective. I've never heard of that exchange before, how can they be such a big deal?
Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: GermanGiant on February 09, 2015, 02:23:09 PM Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds. More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/ until now.. it seems who the news do not affect the bitcoin price!!!! hope the bitcoin price trend do not fall !!! ;) ;) ;) ;) Bitcoin price will always show the reverse trend than the expected. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: ujka on February 09, 2015, 02:28:18 PM Right, we need one more thread on this.
Please go to https://bitcointalk.org/index.php?topic=949452.msg10402916#msg10402916 Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: dsly on February 09, 2015, 03:42:54 PM Didn't the article following up say the amount was wrong and the correct amount was lower ?
Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: rememberme on February 09, 2015, 03:48:55 PM 38MIll not 380
Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: chanz on February 09, 2015, 03:51:03 PM That's some Gox shit right there again, rekt :-[
Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Mewtwo on February 09, 2015, 03:56:48 PM Why does this keep happening to the bitcoin community? Wasn't 2014 enough of a shitty year... expecting the price to drop even lower now after this... should try and get some cheap coins after that.
Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: LiteCoinGuy on February 09, 2015, 04:02:06 PM $386.9m? i doubt that. ???
@rememberme that would be more realistic. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: ujka on February 09, 2015, 04:04:48 PM $386.9m? i doubt that. ??? As known so far, 30 victims seek help and they claim loss of 1 million HKD on average. The legislative councillor speculates that there are 3000 victims and ALL OF THEM lost 1 million HKD. That's how the 3 billion HKD got calculated. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: manselr on February 09, 2015, 04:07:22 PM Why does this keep happening to the bitcoin community? Wasn't 2014 enough of a shitty year... expecting the price to drop even lower now after this... should try and get some cheap coins after that. Why do you expect your bitcoins to magically be safe when you give them to other people and there isn't any kind of regulation that forces them to keep them safely? it's people fault for putting their coins at exchanges. At least wait for the Winklevii one ffs. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: sgk on February 09, 2015, 04:12:14 PM Right, we need one more thread on this. Please go to https://bitcointalk.org/index.php?topic=949452.msg10402916#msg10402916 Thanks, that pretty much sums it up. No reason to panic, guys. Here's the TL;DR version of that post: [...]These news are ALL USING THE FAKE NUMBER[...] [...]Most people in Mainland China and Hong Kong SAR know about this situation at long long time ago (people talked about this at many Chinese bitcoin forum since the end of 2014), Now today the exchanger finally gone down as everyone's expected.[...] [...]A really small exchanger gone down, less than may be let's say half million HKD(including real bitcoins deposited at there) is lost [...] [...]If you are waiting for Chinese market to panic, give it up, most Chinese know the mycoin.hk exchanger would runoff at a half year ago[...] Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: ujka on February 09, 2015, 04:15:17 PM Very low number of coins were lost in this scam. It operated in HKD. Ppl sent in their fiat money, in return got an account at the exchange, and a number of IOU coins they could not withdraw.
Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Alty on February 09, 2015, 04:35:27 PM So no need for widespread panic?
Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: sgk on February 09, 2015, 04:37:20 PM So no need for widespread panic? Nope.. say goodbuy to the hopes of freefall and cheap coins. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: ChuckBuck on February 09, 2015, 04:39:23 PM So no need for widespread panic? Nope. One centralized exchange with bad actors/bad operators having issues does not cause panic. Just a continuing problem with these centralized overseas exchanges with no rules, laws, or regulatory framework to properly make sure it's customers aren't taken advantage of like Mt. Gox... Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Coinbuddy on February 09, 2015, 04:55:10 PM Thats the end of bitcoin
Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Coinbuddy on February 09, 2015, 04:59:23 PM So no need for widespread panic? Nope.. say goodbuy to the hopes of freefall and cheap coins. https://www.mycoin.hk/en/index.jsp Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Coinbuddy on February 09, 2015, 04:59:45 PM RICH MIGHT INVESTMENT LIMITED Referred: RMI Company Registered No: 1540861 Address: China, Hong Kong OfficeBon 23/F, Railway Plaza，No. 39 Chatham Road South, Kowloon，Hong Kong Customer Service Email: mycoincs@gmail.com Customer Service Tel：(China) +86 4007772775 (Hong Kong) +852 63509793 Customer Service Office Hours：Monday to Friday 09:00 ─ 18:00 Saturday, Sunday & Public Holiday：Closed Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: fenican on February 09, 2015, 05:38:54 PM One Hong Kong Dollar is worth .13 US Dollars
Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: arbitrage001 on February 09, 2015, 05:49:12 PM Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds. More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/ Expected outcomes for most exchanges. Watch out when the major 3-4 major exchanges blow out next time. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: haploid23 on February 09, 2015, 08:11:57 PM If this so-called exchange was so large (based on the amounts lost), why hasn't anyone mentioned anything about them until now?
Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: zlatanBorec on February 09, 2015, 08:19:17 PM Quote If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each. Oh my, not again. This is big. If it is true, it will definitely cripple investors confidence that they have towards bitcoin. people must learn that Bitcoin is good, Centralized exchanges are bad. ...i'm reading you signature... and i'm thinking!!! https://i.imgur.com/5OI5XCm.jpg Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: zlatanBorec on February 09, 2015, 08:20:31 PM Thats the end of bitcoin naaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa but what 'ru saying??? :D :D :D :D :D :D LOL!!!! maybe 'ru shorting btc eh???? Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: finnile on February 09, 2015, 08:35:22 PM If this so-called exchange was so large (based on the amounts lost), why hasn't anyone mentioned anything about them until now? It wasn't big, its just that they had large amounts from investments, only from a few rich people. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: tins on February 09, 2015, 08:39:53 PM Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds. More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/ until now.. it seems who the news do not affect the bitcoin price!!!! hope the bitcoin price trend do not fall !!! ;) ;) ;) ;) Doubt it will do much of anything. None of the great news of the past year has helped the value, can't see how this would shake the value either. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Lauda on February 09, 2015, 08:43:38 PM If this so-called exchange was so large (based on the amounts lost), why hasn't anyone mentioned anything about them until now? Because it was a scam operation that actually didn't do anything.Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: zlatanBorec on February 09, 2015, 08:49:01 PM Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds. More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/ until now.. it seems who the news do not affect the bitcoin price!!!! hope the bitcoin price trend do not fall !!! ;) ;) ;) ;) Doubt it will do much of anything. None of the great news of the past year has helped the value, can't see how this would shake the value either. here https://finance.yahoo.com/news/alleged-bitcoin-scam-leaves-millions-missing-132209213.html they are talking just aboout fiat... HK$ kongolese Dollar... nothing about btc!!! Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: redsn0w on February 09, 2015, 09:09:57 PM MyCoin was not an exchange. Investors said they were lured by promises of a HK$1 million return in four months for buying a HK$400,000 bitcoin contract which would produce 90 bitcoins on maturity. It was also a "Trading center" but at the base it was only a ponzi scheme (always this cloud mining ::)). These were the services : https://i.imgur.com/vAqUepR.png Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: unsoindovo on February 09, 2015, 09:12:45 PM MyCoin was not an exchange. Investors said they were lured by promises of a HK$1 million return in four months for buying a HK$400,000 bitcoin contract which would produce 90 bitcoins on maturity. It was also a "Trading center" but at the base it was only a ponzi scheme (always this cloud mining ::)). These were the services : https://i.imgur.com/vAqUepR.png ponzi again!!! is becoming a must!!! not so good! Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: dsly on February 09, 2015, 09:26:05 PM If this so-called exchange was so large (based on the amounts lost), why hasn't anyone mentioned anything about them until now? Because it was a scam operation that actually didn't do anything.Why does the title say 387$ million ? Doesn't sound like nothing. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: twister on February 10, 2015, 05:47:20 AM Thats the end of bitcoin Why are you always so negative about Bitcoin? I remember when the price fell below $200 you made this thread : https://bitcointalk.org/index.php?topic=924379.0 with the title "Who is coming to funeral of Bitcoin |RIP BITCOIN" It's as if you want it to be dead?? Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: fonzie on February 10, 2015, 06:04:14 AM Thats the end of bitcoin And there´s nothing we can do about it. I´ll give it 4-5 more months before life support system will be shutdown completly. :-\ Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: redsn0w on February 10, 2015, 06:09:24 AM Thats the end of bitcoin And there´s nothing we can do about it. I´ll give it 4-5 more months before life support system will be shutdown completly. :-\ No , that's not the end. It is the end if HK$ , they have robbed 3b of HK$ ::) . Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: jdebunt on February 10, 2015, 07:17:34 AM so many sources are wrong on this story, it's incredible tbh.
Mycoin HK offered a ponzi scheme contract which was paid in FIAT currency, no one ever invested a single Bitcoin into this scam. All investors were promsied a guaranteed 90 Bitcoin payout when their contract matured. http://www.cryptoarticles.com/crypto-news/mycoinhk-packages-fiat-currency-ponzi-scheme-as-guaranteed-bitcoin-payout Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: redsn0w on February 10, 2015, 07:22:20 AM so many sources are wrong on this story, it's incredible tbh. Mycoin HK offered a ponzi scheme contract which was paid in FIAT currency, no one ever invested a single Bitcoin into this scam. All investors were promsied a guaranteed 90 Bitcoin payout when their contract matured. http://www.cryptoarticles.com/crypto-news/mycoinhk-packages-fiat-currency-ponzi-scheme-as-guaranteed-bitcoin-payout Yes at the end all the investors lost only the HK Dollars and not bitcoin. We have seen this bad news didn't affect the bitcoin price (check the various charts) because no one bitcoin "has been dumped". Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Surger on February 10, 2015, 07:43:56 AM it's very bad news for bitcoin
bitcoin prices will under 300 dolar for o long time.. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: GÜNther.Danish on February 10, 2015, 07:46:16 AM mycoin is a scam form the beginning.
and nobody who inside bitcoins cares about whether it was really lost such money Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Surger on February 10, 2015, 07:48:52 AM mycoin is a scam form the beginning. %90 of bitcoin investment systrem is scam too what a pitty but it's true... Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: GÜNther.Danish on February 10, 2015, 07:53:26 AM mycoin is a scam form the beginning. %90 of bitcoin investment systrem is scam too what a pitty but it's true... anyone who in bitcoin circles never care about whether it was really lost such money, mycoin is just a fictitious exchange and volume Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Nrcewker on February 10, 2015, 08:25:54 AM Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds. More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/ until now.. it seems who the news do not affect the bitcoin price!!!! hope the bitcoin price trend do not fall !!! ;) ;) ;) ;) because all of mycoin is fake! the volume is a lie, company is a lie, and even the office is also a lie! Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: fonzie on February 10, 2015, 08:42:37 AM Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds. More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/ until now.. it seems who the news do not affect the bitcoin price!!!! hope the bitcoin price trend do not fall !!! ;) ;) ;) ;) because all of mycoin is fake! the volume is a lie, company is a lie, and even the office is also a lie! But still the victims and the missing money are real. and so are that bad media news in China about Bitcoin. :-\ Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: tss on February 10, 2015, 12:15:16 PM http://opportunitiesfromhome.org/wp-content/uploads/2013/11/my_precious_bitcoin.jpg
crazy amounts of coins being taken even at $1000 price estimates. add up all the thefts and it's quite a significant chunk. seems people don't care where they get coin as long as they can get more. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Coinbuddy on February 10, 2015, 12:26:51 PM On January 3, 2015, MyCoin closed down their physical office
SOURCE: http://www.coinfinance.com/news/mycoin-exchange-disappears-possibly-taking-387-million Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Dilemma on February 10, 2015, 12:33:50 PM it's not mycoin yet, it's theircoin now ::)
another scam site another problem for bitcoin.. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: fonzie on February 10, 2015, 12:40:36 PM http://www.nytimes.com/2015/02/11/business/international/hong-kong-issues-warning-about-bitcoin.html?_r=2
"The Hong Kong Monetary Authority said in a statement late Monday that the case “may involve fraud or pyramid schemes,” adding: “Given the highly speculative nature of Bitcoin, we have all along urged the public to exercise extra caution when considering making transactions or investments with Bitcoin.” Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: Lauda on February 10, 2015, 12:49:27 PM If this so-called exchange was so large (based on the amounts lost), why hasn't anyone mentioned anything about them until now? Because it was a scam operation that actually didn't do anything.Why does the title say 387$ million ? Doesn't sound like nothing. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: rollingMyCar on February 14, 2015, 08:23:21 PM it's not mycoin yet, it's theircoin now ::) another scam site another problem for bitcoin.. this is true.... remember... do no use bitcoin exchange account like a personal wallet!!! the story tell us it is not agood idea!!! mtGox, bitStamp, myCoin... etc etc Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: ChuckBuck on February 17, 2015, 04:14:34 PM OP should change the thread title, as it's not $387 Million but $8.1 Million lost:
http://www.coindesk.com/mycoin-hong-kong-police-8-1-million/ $8.1mill is a lot, but there's a huge difference with 9 figures as opposed to 7 figure losses. Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: hero18688 on February 17, 2015, 04:28:09 PM 点金胜手 的情节真实上演了 :o
Title: Re: Hong Kong's MyCoin Disappears With Up To $387 Million Post by: MamaGoose on February 17, 2015, 05:51:28 PM |
