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Author Topic: Hong Kong's MyCoin Disappears With Up To $387 Million  (Read 3169 times)
redsn0w
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February 10, 2015, 07:22:20 AM
 #41

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".
Surger
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February 10, 2015, 07:43:56 AM
 #42

it's very bad news for bitcoin
bitcoin prices will under 300 dolar for o long time..
GÜNther.Danish
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February 10, 2015, 07:46:16 AM
 #43

mycoin is a scam form the beginning.

and nobody who inside bitcoins cares about whether it was really lost such money
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February 10, 2015, 07:48:52 AM
 #44

mycoin is a scam form the beginning.

%90 of bitcoin investment systrem is scam too
what a pitty but it's true...
GÜNther.Danish
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February 10, 2015, 07:53:26 AM
 #45

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
Nrcewker
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February 10, 2015, 08:25:54 AM
 #46

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 !!!
 Wink Wink Wink Wink

because all of mycoin is fake! the volume is a lie, company is a lie, and even the office is also a lie!

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February 10, 2015, 08:42:37 AM
 #47

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 !!!
 Wink Wink Wink Wink

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.  Undecided

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February 10, 2015, 12:15:16 PM
 #48



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.
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February 10, 2015, 12:26:51 PM
 #49

On January 3, 2015, MyCoin closed down their physical office

SOURCE: http://www.coinfinance.com/news/mycoin-exchange-disappears-possibly-taking-387-million
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February 10, 2015, 12:33:50 PM
 #50

it's not mycoin yet, it's theircoin now   Roll Eyes
another scam site
another problem for bitcoin..

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February 10, 2015, 12:40:36 PM
 #51

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.”

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February 10, 2015, 12:49:27 PM
 #52

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.
That sounds like they are good at deploying scams and have fooled a high number of investors. That's about it.

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February 14, 2015, 08:23:21 PM
 #53

it's not mycoin yet, it's theircoin now   Roll Eyes
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

ChuckBuck
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February 17, 2015, 04:14:34 PM
 #54

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.

CharityAuction
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ColdScam
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February 17, 2015, 04:28:09 PM
 #55

点金胜手 的情节真实上演了 Shocked

MamaGoose
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February 17, 2015, 05:51:28 PM
 #56

点金胜手 的情节真实上演了 Shocked

english plz!!!

thank you!

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