A Bitcoin Millionaire arrested

[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.

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[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!