Alleged Bitcoin Scam Leaves Millions Missing

Posted by samzenpus on Monday February 9, 2015 @07:47AM from the I-think-I've-heard-this-story dept.

First time accepted submitter OutOnARock writes Yahoo Finance is reporting on the latest Bitcoin scam, this time from Hong Kong. "Investors in a Hong Kong-based Bitcoin trading company fear they have fallen victim to a scam after it closed down, a lawmaker said Monday, adding losses could total HK$3 billion ($387 million). Leung Yiu-chung said his office recently received reports from dozens of investors in Hong Kong who paid a total of HK$40 million ($5.16 million) into the scheme run online by MyCoin, but the total loss may be vastly more. 'The number of cases is increasing. These two days I received calls about more than 30 cases. We estimate more than 3,000 people and HK$3 billion are involved,' he told AFP."

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Re:10% of all bitcoins by Ralph+Wiggam · 2015-02-09 08:08 · Score: 5, Funny

If you had bought bitcoins a year ago, a million dollars could have made you a thousandaire.
This might be a dumb question... by H0p313ss · 2015-02-09 08:51 · Score: 5, Funny

... or possibly flamebait.
Are the Bitcoin skeptics like me allowed to be smug yet?

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