hl5460 (OP)
Legendary
 Offline
Activity: 1620
Merit: 1000
news.8btc.com
|
 |
March 06, 2015, 02:37:31 AM |
|
Core members of Mycoin scam busted by police, mastermind still at large. HK police detained 5 people, who are believed to be core members the Mycoin Scam. Over 50 victims aged from 20-70 with total loss around 74 million HKD, not 3 billion as previously stated. full report(in Chinese): http://www.8btc.com/mycoin-74-millions |
|
|
|
|
|
|
|
|
|
|
|
|
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
btcreporter
Newbie
Offline
Activity: 3
Merit: 0
|
|
March 06, 2015, 02:39:26 AM |
|
How much was the loss in Dollar or Euro terms?
Can you provide a translation?
|
|
|
|
|
Chef Ramsay
Legendary
Offline
Activity: 1568
Merit: 1001
|
|
March 06, 2015, 02:57:52 AM |
|
I'm glad to see this being flushed out of the system once and for all. Never knew about this scam until recently but I certainly wish people will learn like we all have and allow this entire market to mature from the depths of bullcrap. I can't believe these people fell for this crap-show on this sideshow of crypto.
|
|
|
|
|
valkir
Legendary
Offline
Activity: 1484
Merit: 1004
|
|
March 06, 2015, 03:19:02 AM |
|
Well that's a really good news. Im wondering if they will be able to recover all the missing bitcoin?
Will for sure follow this story.
Thanks for sharing.
Cheer
Valkir
|
██ Please support sidehack with his new miner project Send to :
1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
|
|
|
|
thompete
|
|
March 06, 2015, 03:28:41 AM |
|
Well that's a really good news. Im wondering if they will be able to recover all the missing bitcoin?
Will for sure follow this story.
Thanks for sharing.
Cheer
Valkir
Hopefully they should be, unless the mastermind is the one who has majority of the share. Good that they finally have been caught. |
|
|
|
|
TheGr33k
|
|
March 06, 2015, 03:46:54 AM |
|
Good to know some justice is being served. Like previously stated, I hope they can return some if not all/most of the money lost.
|
|
|
|
|
|
fox19891989
|
|
March 06, 2015, 06:48:18 AM |
|
How much was the loss in Dollar or Euro terms?
Can you provide a translation?
74M hk dollar is about 10M usd, a huge ponzi scam.  Luckily they are arrested by HK police, I hope those HYIP/ponzi owners will be arrested as well. |
|
|
|
|
|
tss
|
|
March 06, 2015, 06:57:19 AM |
|
i would like to see some development about mt gox. a year later.
|
|
|
|
|
|
|
innocent93
Legendary
Offline
Activity: 896
Merit: 1000
|
|
March 06, 2015, 09:47:48 AM |
|
I won't call mycoin a Bitcoin exchange, it's nothing but a pyramid schemes that used Bitcoin to scam.
Some media reported this with the tittles like " Bitcoin exchange mycoin scam " , in my view, Bitcoin is innocent in such cases, and the medias is tarnishing Bitcoin for their
unprofessional conduct.
|
|
|
|
|
|
bri912678
|
|
March 06, 2015, 10:24:37 AM |
|
Have they got any bitcoins back off the scammers? I never found out the ratio of cash to bitcoins they scammed out of people. It's typical the mastermind is still at large, like with Mintpal.
|
|
|
|
|
|
SpanishSoldier
|
|
March 06, 2015, 10:58:14 AM |
|
Core members of Mycoin scam busted by police, mastermind still at large. HK police detained 5 people, who are believed to be core members the Mycoin Scam. Over 50 victims aged from 20-70 with total loss around 74 million HKD, not 3 billion as previously stated. full report(in Chinese): http://www.8btc.com/mycoin-74-millionsNever heard of this exchange. Did they have any operation outside China ? |
|
|
|
|
SargeR33
Member
Offline
Activity: 112
Merit: 10
★Bitin.io★ - Instant Exchange
|
|
March 06, 2015, 12:43:08 PM |
|
Core members of Mycoin scam busted by police, mastermind still at large. HK police detained 5 people, who are believed to be core members the Mycoin Scam. Over 50 victims aged from 20-70 with total loss around 74 million HKD, not 3 billion as previously stated. full report(in Chinese): http://www.8btc.com/mycoin-74-millionsNever heard of this exchange. Did they have any operation outside China ? I don't think this was an exchange. It was a ponzi; pyramid scheme, a scam what ever you like to call it. |
|
|
|
|
Havelivi
|
|
March 06, 2015, 05:13:54 PM |
|
any news about victims from other countries, i too lost little part of money in mycoin, but that is nice sharing the mastermind is arrested in HK.  |
|
|
|
|
|
Malin Keshar
|
|
March 06, 2015, 06:04:43 PM |
|
any news about victims from other countries, i too lost little part of money in mycoin, but that is nice sharing the mastermind is arrested in HK. foreign people would use the most popular exchanges, like OkCoin, not a small one like mycoin. I doubt any foreigner is among the victims |
|
|
|
|
|
