The International Criminal Police Organization (Interpol) has issued red notices for two Hong Kong crypto promoters.
Per South China Morning Post, Wong Ching-kit, known as "Coin Young Master," is wanted on one count of fraud and two counts of theft, while his associate Mok Tsun-ting is sought on two counts of money laundering.
According to reports in local media, the red notices were issued at the request of Hong Kong's police force. Police sources declined to comment on the case, stating that they were "still investigating."
The duo were previously arrested by Hong Kong police in 2019 on fraud charges relating to the sale of Filecoin mining rigs, and later released on bail.
Bitcoin Owners Don't Lean Toward One Political Ideology: Survey
A new survey has upended common assumptions about Bitcoin ownership, revealing that political affiliation plays little role in cryptocurrency adoption. The research—conducted by Professor Andrew Perkins of Washington State University and Professor Troy Cross of Reed College—aimed to identify key factors influencing Bitcoin adoption in the United States. “What we found was definitely our most shocking result,” Cross wrote on Twitter. ”We thought Bitcoin ownership would skew towards the politica...
Mok was subsequently arrested in September 2023 as part of the fraud investigation into crypto exchange platform JPEX, which saw over 2,000 complaints filed by victims and an estimated $178 million in losses. He was later released on bail.
Wong, born Kwan Tsz-kit, was also named by South China Morning Post as one of the influencers promoting JPEX, who were ordered to cease promoting the platform by local authorities.
Hong Kong Influencer Arrested Over JPEX Exchange Promotion
Social media influencer Joseph Lam Chok was arrested in Hong Kong on Monday, following the suspension of trading on crypto exchange JPEX. Lam, a trained lawyer turned insurance broker who has hundreds of thousands of followers on Instagram, was among six individuals detained by Hong Kong police in connection with the exchange, according to South China Morning Post. Lam’s arrest related to his promotion of the Dubai-based exchange, which regulators alleged had been operating in the country withou...
He had previously been given a suspended jail sentence for disorderly conduct in public, relating to a 2018 stunt in which he pulled up at a building in a Lamborghini emblazoned with the logo of a cryptocurrency he was promoting, before throwing hundreds of dollars in cash from a rooftop.
An Interpol red notice is described as "a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action," with member countries applying their own laws in deciding whether or not to arrest an individual. It is not considered to be an international arrest warrant.
Edited by Andrew Hayward
