Bitcoin Forum

Local => Press & News from India => Topic started by: polynesia on February 10, 2015, 12:47:57 AM



Title: [2015-02-09] BS: Millions feared missing in alleged Bitcoin scam
Post by: polynesia on February 10, 2015, 12:47:57 AM
Millions feared missing in alleged Bitcoin scam

http://www.business-standard.com/article/pti-stories/millions-feared-missing-in-alleged-bitcoin-scam-115020900962_1.html

Investors in a Hong Kong-based Bitcoin trading company fear they have fallen victim to a scam after it closed down, a lawmaker said today, adding losses could total HKD 3 billion (USD 387 million).

Leung Yiu-chung said his office recently received reports from dozens of investors in Hong Kong who paid a total of HKD 40 million (USD 5.16 million) into the scheme run online by MyCoin, but the total loss may be vastly more.