A Bitcoin Millionaire arrested

[Janation]

Anyone read this? I just read this in an advertisement that popped out of nowhere.

https://www.ccn.com/hong-kong-bitcoin-millionaire-arrested-after-throwing-cash-off-apartment-building/?utm_source=CCN&utm_medium=cpc&utm_campaign=dd

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

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[KingScorpio]

Anyone read this? I just read this in an advertisement that popped out of nowhere.

https://www.ccn.com/hong-kong-bitcoin-millionaire-arrested-after-throwing-cash-off-apartment-building/?utm_source=CCN&utm_medium=cpc&utm_campaign=dd

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

he is very likely a member of this forum,

[pooya87]

people go crazy all the time, specially when they lose a lot of money trading altcoins. take all those newbies who keep on starting meaningless topics about bitcoin these days. many of them have been losing a lot of money because of the volatility and the recent drop which made them make mistakes and sell too late or short when price was rising,... and each person reacts differently when they go crazy

[KingScorpio]

people go crazy all the time, specially when they lose a lot of money trading altcoins. take all those newbies who keep on starting meaningless topics about bitcoin these days. many of them have been losing a lot of money because of the volatility and the recent drop which made them make mistakes and sell too late or short when price was rising,... and each person reacts differently when they go crazy

drop will continue....

[eaLiTy]

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

It is one of a kind crazy thing only seen in movies  , after reading the news all i could remember was the scene in the movie Man on a Ledge where they throws money to distract their other activities  . He wanted to do something crazy with the money he made and he has made news headlines all over the world, if he can throw money like that he can get rid of the legal stuff too.

[Haunebu]

This is the mark of a weak minded person and is becoming famous for all the wrong reasons. That guy must have completely lost it after the market collapsed this year and I don't think it will recover anytime soon.

This is the reason why smart people always advise investing only what you are willing to lose. Don't risk too much on this extremely volatile cryptocurrency market people or you might end up throwing a fit like this guy right here.

[cryptomax217]

read the story and there were contradictions.  hope he doesn't get the maximum penalty of 12-month prison term and a fine of HK$5,000.  that's too much if his intention was really noble.

[Kakmakr]

I think this would have had a much bigger impact if he made it rain, Paper wallets and not cash.    If I have to go to jail for a silly thing like this, then I want to do it properly.

Throwing away money like this is never a good idea, but it is better than gambling it away in a casino and not having anything to show for it.    Lazlo will be remembered for his million dollar pizzas and this guy will be remembered for this stunt. 

There are a little bit of crazy in all of us. 

[NeuroticFish]

I think this would have had a much bigger impact if he made it rain, Paper wallets and not cash.    If I have to go to jail for a silly thing like this, then I want to do it properly.

First of all, there's a good chance you will not go to jail for throwing paper wallet. Unfortunately they may also go unnoticed, since way too many still don't know what's that.

With fiat, it's different: people recognize it at a glance. But, according to law (at least in my country), you can't just get money from the floor and put it into your pocket, you have to return it to the owner or police (I find this law worthy for one century ago, but that's another story). So the ones collecting the bills probably did something illegal and the police had to do something. So they did they made him even more famous

[CryptoBry]

I think this would have had a much bigger impact if he made it rain, Paper wallets and not cash.    If I have to go to jail for a silly thing like this, then I want to do it properly.

First of all, there's a good chance you will not go to jail for throwing paper wallet. Unfortunately they may also go unnoticed, since way too many still don't know what's that.

With fiat, it's different: people recognize it at a glance. But, according to law (at least in my country), you can't just get money from the floor and put it into your pocket, you have to return it to the owner or police (I find this law worthy for one century ago, but that's another story). So the ones collecting the bills probably did something illegal and the police had to do something. So they did they made him even more famous

This is getting the media and people attention that he is looking for. Unfortunately, the whole thing was causing disturbance to the public order and can be a nuisance in that big and pulsating city. I am sure that he is aware of many other ways to be kind by distributing money to people who might really be needing some help but then again they might not attract the kind pf publicity he was looking for. Now, he is facing the consequences of his action and can be penalized based on the law. I am hoping he will not do the same thing again next year.

[Ayomiqueen]

He was just too happy to be in that condition at that very tender age and trying to pass the information to every one but the way and manner he conducted that was seen as nuisance in the street and throwing a currency from the tall building is also a big offence to the country and also a big slap on their currency and that only is the reason to serve his orison term and nothing much, too much money at times makes guys go crazy ,but he at least create awareness but the street are yet to be fulling informed as the message is half done .

[franky1]

Anyone read this? I just read this in an advertisement that popped out of nowhere.

https://www.ccn.com/hong-kong-bitcoin-millionaire-arrested-after-throwing-cash-off-apartment-building/?utm_source=CCN&utm_medium=cpc&utm_campaign=dd

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

"maximum penalty for his offense is a 12-month prison term and a fine of HK$5,000. "
"the police reported that they were only able to recover HK$5,000 (the equivalent of $639) from the streets."

"and they have also urged members of the public who were beneficiaries of his lawlessness to return the bills to where they got them."

in short police have to return 5000 back to the arrested man..... (so he can pay his fine)
lol..

5000 needed to pay.. only 5000 returned to him.. not a coincidence

"Innocent bystanders at the location attested to the total amount of money that was thrown away could be millions,"
HK5000 is less than 700US
i wonder what the police done with the other amounts that they grabbed but didnt declare, thus not have to give back to the arrestee

[darkangel11]

"Innocent bystanders at the location attested to the total amount of money that was thrown away could be millions,"
HK5000 is less than 700US
i wonder what the police done with the other amounts that they grabbed but didnt declare, thus not have to give back to the arrestee

I'm amazed that they were able to get anything. He was throwing money onto people, showering them with bills. A normal reaction would be to grab them as fast as possible and most people would continue even after the arrival of the police. It's money lying on the street, they can't arrest or fine you for picking up a bill from the pavement.

That millionaire definitely did not think it through. What if someone got hit by a car collecting the bills? Our generous donor would get some serious charges.

[bajingluncat]

the news also reached my country even that had been a few days ago, but I did not know that the rich were part of the crypto perpetrator, which I know was a millionaire who wanted to do charity using his wealth in a different way, and on the news I saw on television it is true that he was arrested but his arrest has nothing to do with crypto advertising or anything but more because he made a mess in public space, indeed every thing will be a different story depending on the angle the news maker looks at, but if this news is related to crypto especially packaged as negative news, maybe we can just think of it as an FUD that doesn't need to be overstated

[MainIbem]

At 24 and having such undisclosed millions could be difficult to control. It is his exuberance that has lead him to this mess. And not all beneficiaries of the crypto boom are members of bitcointalk.org.

[cizatext]

I think this would have had a much bigger impact if he made it rain, Paper wallets and not cash.    If I have to go to jail for a silly thing like this, then I want to do it properly.

First of all, there's a good chance you will not go to jail for throwing paper wallet. Unfortunately they may also go unnoticed, since way too many still don't know what's that.

With fiat, it's different: people recognize it at a glance. But, according to law (at least in my country), you can't just get money from the floor and put it into your pocket, you have to return it to the owner or police (I find this law worthy for one century ago, but that's another story). So the ones collecting the bills probably did something illegal and the police had to do something. So they did they made him even more famous

Who is to be arrested for the act is it the man throwing money from a roof top or the people who pick it, the news stated the man announcing the FCC big day which is unclear what that really mean. But it also depends on the law of the country as you said cause in my own country it a crime to throw bank note carelessly and you can get arrested for doing that just like what have happen to him it unlawfull.

[sunsilk]

I remember, so this was the guy who went viral on social media few weeks ago. There's an article who interviewed him said that he felt like he was a 'god' for throwing those on air.

He created ruckus in the public so the authorities of course has to act accordingly with his careless action. He felt responsible to educate the people about bitcoin so he should also be responsible for that commotion. He's likely a member of the forum.

[cuenzy]

Anyone read this? I just read this in an advertisement that popped out of nowhere.

https://www.ccn.com/hong-kong-bitcoin-millionaire-arrested-after-throwing-cash-off-apartment-building/?utm_source=CCN&utm_medium=cpc&utm_campaign=dd

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

Saw this one before. Instead of throwing this into the people who have some money why not give it to those that are in dire need in the poor region of HK. I saw one documentary or in social media the pitiful condition of some people in HK that are living in crowded and tiny spaces because of expensive daily living.

[cfif123]

At 24 and having such undisclosed millions could be difficult to control. It is his exuberance that has lead him to this mess. And not all beneficiaries of the crypto boom are members of bitcointalk.org.

it's true that the problem outside of the bitcointalk member is that there must be someone who is the recipient of the crypto boom, so don't ever involve everyone in this forum to be the recipient of the crypto boom because not everyone in here is in chaos

[clickerz]

read the story and there were contradictions.  hope he doesn't get the maximum penalty of 12-month prison term and a fine of HK$5,000.  that's too much if his intention was really noble.

I think its better for him to channel  his help on legit charity. What he did cause people to alarm and possible commotion which endanger public safety imho. Though he has a noble intention, but I think he can do better than what he did.

[fistteam]

Perhaps his kindness doesn't work properly, instead of throwing money from the window causing a commotion in the street, he should send it to charity. I admire him very much because he is a good and passionate person with crypto.

[buwaytress]

Wasn't this a week old already? Guy seems to have initially denied it, but if he's not arrested, that's surely because of supporting evidence? My guess is if he's on social media then something has had to leak, and he'd be arrested purely for civil charges - endangerment of peace and security, some other very British laws, nothing to do with finance or money crimes. People forget HK is very much restricted in that sort of way, can't even legally organise a gathering of a few people in public space without police permits.

And no, this is not kindness, mass adoption, not remotely of any crypto benefit. Nothing more than a PR stunt, which seems to have worked.

[coolcoinz]

Perhaps his kindness doesn't work properly, instead of throwing money from the window causing a commotion in the street, he should send it to charity. I admire him very much because he is a good and passionate person with crypto.

Sending it to charity wouldn't make all news outlets write about it. He was in it for the fame. You can put money to work by buying ads, give free t-shirts with your message to people, or you can do something crazy like this money rain.

the maximum penalty for his offense is a 12-month prison term and a fine of HK$5,000. Innocent bystanders at the location attested to the total amount of money that was thrown away could be millions, although the police reported that they were only able to recover HK$5,000 (the equivalent of $639) from the streets.

It looks like the fine part of his penalty is already covered.

[Theb]

What he may think as charity or promotion can really mess up a lot people in that place especially when things starts to heat up in the area. IMHO I don't think he should be arrested for such act as his only idea for giving away the money is for promotional purposes only and he didn't intended to ignite violence in the area. Pretty sure his lawyer and the government can talk it out as they don't have a strong case against on what they are trying to insinuate so far there are no reports of injuries or violence related to the event.

[bellamente]

In Russia, Pavel Durov threw banknotes from a skyscraper and was not arrested.. This is the difference in the two states.

I think that Mr. Coin did very badly, even if very rich

[Peacemaker1994]

I don't think his arrest would be something serious he was just arrested for causing grid lock by his account of throw-in money from the roof top causing people to scamper for it

[miropp]

Maybe he just wanted to make a fuss. The article says he felt like Robin hood, wanted to help the poor. But what is the purpose he had in fact unknown. Apparently there's nowhere to put the money.

[coinwizard_]

Throwing money of the roof is just a publicity stunt. He could have donated to charity instead but there is no fame in that. This will put him in the papers and even a link on this forum

[jonemil24]

Nothing more than a PR stunt, which seems to have worked.

We need more people like him TBH, people who have lots of money to throw. It's not only raising awareness but also doing a little bit of charity too. Imagine all those who are bullish with cryptos doing the same thing he did, my god, I'll take all those flying money and buy cryptos.

Here's a youtube video if ever someone wants to see his face: https://youtu.be/U8Gu7cZ8n6M

[socksserver3]

I have read it just now and don't know whether to believe it or it is just a way to attract our attention to him  or rather to crypto. I don't think that anything bad will happen to the millionaire

[Ucy]

This is the mark of a weak minded person and is becoming famous for all the wrong reasons. That guy must have completely lost it after the market collapsed this year and I don't think it will recover anytime soon.

This is the reason why smart people always advise investing only what you are willing to lose. Don't risk too much on this extremely volatile cryptocurrency market people or you might end up throwing a fit like this guy right here.

You probably didn't read the article. The guy is wealthy already.
I kind of think he is was genuinely sympathic with the poor of the city. Alcohol or some substances could have made him act that way. I hope the authority just fine him  without imprisonment...few weeks of imprisonment maybe?

[buwaytress]

Nothing more than a PR stunt, which seems to have worked.

We need more people like him TBH, people who have lots of money to throw. It's not only raising awareness but also doing a little bit of charity too. Imagine all those who are bullish with cryptos doing the same thing he did, my god, I'll take all those flying money and buy cryptos.

Here's a youtube video if ever someone wants to see his face: https://youtu.be/U8Gu7cZ8n6M

Really, we don't need more people like him, because this space probably has too many already. I really dislike when somehow in my work, someone happens to find out I'm "active" in the space and then they ask me about McAfee or some other corporate bag. Sure, they've raised awareness, bullying people into "accepting" crypto, and painting all kinds of sheens of shiny desire around it, but they've done nothing about educating people and promoting use.

Adoption isn't about enticing people to the riches and wealth of this new economy. It's about telling people to take charge of their own money.

[Malam90]

I don't know whether this people is really arrested or not but we know Bitcoin is illegal in most of the countries. Bitcoin illegal in countries, people may be arrested and they can be put into jail by the law of that country. Some countries made law against Bitcoin and altcoins traders, they can be put into jail or jail and financial punishment both.

[Wellyan]

Maybe he just wanted to make a fuss. The article says he felt like Robin hood, wanted to help the poor. But what is the purpose he had in fact unknown. Apparently there's nowhere to put the money.

yes maybe they have got a lot of money, so they are looking for sensations. so even though it's a billionaire like anything. if they are silent and not various. then they will be fine.

[bL4nkcode]

I don't know whether this people is really arrested or not but we know Bitcoin is illegal in most of the countries. Bitcoin illegal in countries, people may be arrested and they can be put into jail by the law of that country. Some countries made law against Bitcoin and altcoins traders, they can be put into jail or jail and financial punishment both.

Have you ever read the article before throwing words? Posting non-sense?

Probably even there's no news, this person already bailed out of jail having calling him as a millionaire.

[seoincorporation]

i think that's not a reason to get arrested. I mean any one have the freedom to do whatever they want with their money, He could spend that on a marketing campaign for for that amount he wouldn't be on CNN news, at end was a wise move but with a high price to pay.

[cryptone1]

Anyone read this? I just read this in an advertisement that popped out of nowhere.

https://www.ccn.com/hong-kong-bitcoin-millionaire-arrested-after-throwing-cash-off-apartment-building/?utm_source=CCN&utm_medium=cpc&utm_campaign=dd

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

I think it's a good way for advertising  

[BitcoinGirl.Club]

Perhaps his kindness doesn't work properly, instead of throwing money from the window causing a commotion in the street, he should send it to charity. I admire him very much because he is a good and passionate person with crypto.

Why care about fiat when you have bitcoin. Think about a world where there will be no paper money. People will trade using the cryptocurrency. The invention of bitcoin will have the real name then.

Anyway, I do not think the guy was doing charity. He was doing some kind of promotion I guess, at-least that's what the article tells.

He said, “How did he do his promotion? He wanted to create chaos to do it.” He also added that the maximum penalty for his offense is a 12-month prison term and a fine of HK$5,000. Innocent bystanders at the location attested to the total amount of money that was thrown away could be millions, although the police reported that they were only able to recover HK$5,000 (the equivalent of $639) from the streets.

Source

I wounder whey would he get fined!?

[TheLoser]

I think it was a reckless act that drew people's attention to him . If he wanted to help someone , he could do it in a human, civilized way .

[avikz]

Anyone read this? I just read this in an advertisement that popped out of nowhere.

https://www.ccn.com/hong-kong-bitcoin-millionaire-arrested-after-throwing-cash-off-apartment-building/?utm_source=CCN&utm_medium=cpc&utm_campaign=dd

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

No one really knows what pushed him to do such things which landed him to prison, but it seems like the reputation of Wong Ching Kit was not at all good in Hong Kong. A lot of newspaper actually termed him as "Chinese Crypto scammer" and he has few ongoing police cases against him.

Some newpaper even called him as "Trevon James" of China. So it is well understandable that he has a dubious reputation in his own country. The less such kind of people joins this forum, the better! We really don't want to get associated with any kind of dubious activities here!

[harapan]

read the story and there were contradictions.  hope he doesn't get the maximum penalty of 12-month prison term and a fine of HK$5,000.  that's too much if his intention was really noble.

it was indeed a noble thing, but it made traffic jam.
but it is also inappropriate if he is given a sentence and a fine. that's a really cool thing 

[Anil.N]

Anyone read this? I just read this in an advertisement that popped out of nowhere.

https://www.ccn.com/hong-kong-bitcoin-millionaire-arrested-after-throwing-cash-off-apartment-building/?utm_source=CCN&utm_medium=cpc&utm_campaign=dd

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

will that happen in crypto currency

[Andruha1993]

Everyone goes crazy on their own. Big money does not lead to good. This man is very difficult to understand why he did so. I think it would be better if he gave this money to people in need.

[12tribes]

Its unfortunate that many a times people do what they should not do in a bid to make quick money which may eventually not be well with such fellows when they are eventually caught. It shows that eventually evil and wickedness does not pay. He may serve a jail term of maximum of 12 months or pay the fine which is less than a thousand dollars. It should serve as a warning to all those who do evil that it does not pay.

[wongdeso]

 It is unfortunate with this event, where someone who does not control his emotions with the amount of money he has. He should be able to use it well and carefully, but this little arrogance actually took him to the jail room and also the fines he must bear.

[Al Wahhaab]

people go crazy all the time, specially when they lose a lot of money trading altcoins. take all those newbies who keep on starting meaningless topics about bitcoin these days. many of them have been losing a lot of money because of the volatility and the recent drop which made them make mistakes and sell too late or short when price was rising,... and each person reacts differently when they go crazy

I always think negatively about this

[nicko122]

Anyone read this? I just read this in an advertisement that popped out of nowhere.

https://www.ccn.com/hong-kong-bitcoin-millionaire-arrested-after-throwing-cash-off-apartment-building/?utm_source=CCN&utm_medium=cpc&utm_campaign=dd

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

I read this news and was surprised that he was arrested. The accusation sounds like a disorder in a public place, which might not have been enough for an accusation in any other country.

[pinoyden]

Everyone goes crazy on their own. Big money does not lead to good. This man is very difficult to understand why he did so. I think it would be better if he gave this money to people in need.

Not all are crazy . maybe the guy has a mental disorder thats why he did that to his own money or maybe he just took a drugs and he got high . what i dont understant is that why he got arested for the said act ?  throwing money out of the streets is not even a crime but it is rather a tradition especially on december to give away to the poor .

[aoluain]

I wouldnt say hes crazy at all, it was a PR stunt to advertise an event.
The stunt was dangerous, as people on the street rushed to gather the
falling notes they could get injured or killed by blindly running out
into traffic for example.

I think his intentions were good, he released yhe notes in a very poor
area. This was captured live on facebook thats where the promotion
was targated not on the street.

[kalstarzz]

I think the case that is accused of bitcoin billionaires is not a case related to bitcoin, and this case in my opinion will not have any influence on bitcoin.

[aray80]

When an idea will be successful if done with excessive action like this you should not forget to get official permission from the authorities so that the message of the crptocurrency ad is well received by the masses

[Artemis3]

Please don't litter the streets with your fiat banknotes

Someone told me HK is sensitive with things falling of buildings, it is common to sue building owners when something falls off the structure, i'm not surprised there is a fine for throwing paper...

[NavI_027]

His “charitable” action

For me it is not a charitable action but being a braggart. If he really did it just for advertising then it was a wrong move (but surely an effective one) because he violated a law and if he did it for charity then not so good move again. Instead of throwing money in the air much better if he help the needy personally — much formal and sincerity can really be felt.

hope he doesn't get the maximum penalty of 12-month prison term and a fine of HK$5,000

For sure that the fine is not a problem for him at all, just the painful 12 month imprisonment. I guess he is now regretting for doing such actions.

[dr.cheema]

Idiot if he has a lot money then invest on ethereum and bitcoin and rise the price of crypto assets.
Police will investigate and plus point of crypto that they could not track the crypto assets of millionaire guy.
Next time never threw the dollars from window and invest on crypto and make crypto prices higher.

[firebird14]

To be honest that's great promotion for crypto 

[Janation]

His “charitable” action

For me it is not a charitable action but being a braggart. If he really did it just for advertising then it was a wrong move (but surely an effective one) because he violated a law and if he did it for charity then not so good move again. Instead of throwing money in the air much better if he help the needy personally — much formal and sincerity can really be felt.

hope he doesn't get the maximum penalty of 12-month prison term and a fine of HK$5,000

For sure that the fine is not a problem for him at all, just the painful 12 month imprisonment. I guess he is now regretting for doing such actions.

I think the person is just overjoyed to what is happening.

He is an owner of a site and I think what might happen or what is happening makes him so happy since he is earning a lot of money. He may be a braggart but I think if I am happy at the same time earning a money, I will be doing the same thing but in a different way. He can just donate it to charity, help people in needs. He might be helping people but at the same time he is creating a chaos. He can help people with other things to do and advertise his site or other rojectd.

[Dreamchaser21]

It is unfortunate with this event, where someone who does not control his emotions with the amount of money he has. He should be able to use it well and carefully, but this little arrogance actually took him to the jail room and also the fines he must bear.

Maybe he just want to be recognized around the world as a bitcoin millionaire, and that is why he did that thing which is too risky for those people who are looting the money. Its better to help those people who really need the money than to be like this, there is so many way to help people go for the charities on your place or feed those street people, you don’t need to shout that you’re a millionaire, this is for your own safety also.

[mweezy]

Anyone read this? I just read this in an advertisement that popped out of nowhere.

https://www.ccn.com/hong-kong-bitcoin-millionaire-arrested-after-throwing-cash-off-apartment-building/?utm_source=CCN&utm_medium=cpc&utm_campaign=dd

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

I think he was just over ruled by money or maybe he got drunk at that moment, giving money out to the poor is not a bad idea, what is wrong there is abusing the currency by thronging it off into the  street. So it always good not to get rule by the spirit of money to avoid getting in trouble.

[Wellyan]

I think the case that is accused of bitcoin billionaires is not a case related to bitcoin, and this case in my opinion will not have any influence on bitcoin.

as you say, I think that this case really has nothing to do with btc. because a billionaire when he has a problem outside of the btc range then it is his own fault, because he also sometimes uses btc in the wrong way.