Wednesday, March 11, 2015

150 More MyCoin Bitcoin Scheme Victims Step Forward


An additional 150 victims of the allegedly fraudulent bitcoin exchange MyCoin have come forward to police, according to the South China Morning Post.


Accompanied by Democratic Party legislator James To Kun-sun, 23 victims reported their involvement with the company to police on Wednesday. The development is the latest in the ongoing saga surrounding MyCoin, a platform billed as a bitcoin exchange but that may have never dealt in the digital currency.


SCMP indicated that one victim is said to have lost $HK80,000 ($102,946 at press time), a figure that may be among the highest individual totals so far reported.



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