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Bitcoin playboy who ‘made it rain’ accused of HK$3M fraud

Monday, January 7, 2019 by Piyush Suthar | Comments

Home News Tech Bitcoin playboy who ‘made it rain’ accused of HK$3M fraud

You might remember Wong Ching-Kit, the self-styled Bitcoin ‘millionaire’ behind last month’s outlandish publicity stunt, which saw thousands of dollars rain from the sky in one of Hong Kong‘s poorest neighbourhoods. Well, four angry blockchain speculators have accused Wong of cheating them out of HK$3 million ($380K), after purchasing his special (and ultimately worthless) cryptocurrency mining machines, reports South China Morning Post. The equipment was supposedly tailored specifically for Wong’s new cryptocurrency and were sold with promises the rigs would return a profit within three months. Unfortunately, such a premise only holds weight if the cryptocurrency mined by the machines is…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

Authored by Piyush Suthar
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