Hong Kong Bitcoin Exchange Reportedly Goes Bankrupt; Takes Investors’ $390m

By February 9, 2015Bitcoin Business

Hong Kong-based Bitcoin exchange MyCoin.hk is reported to have gone bankrupt, taking away US$390 million worth investors’ funds alongside.

According to The South China Morning Post , the lost money belongs to a total of 3,000 exploited MyCoin customers who all were promised double returns in over an year. One of the victims, surnamed Lau, told the newspaper that they were asked by the higher tiers of the scheme to bring more customers if they […]

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