Bitcoin Scam MyCoin Investigation Yields Multiple Arrests in Hong Kong

Bitcoin Scam MyCoin Investigation Yields Multiple Arrests in Hong Kong

One of the largest stories in the Bitcoin universe in February was the bitcoin exchange that wasn't. The MyCoin pyramid scheme in Hong Kong defrauded a small number of very high rollers; people who were investing millions of US Dollars each. This created a reported cache of almost $400 million before the computer bandits made their getaway. Now, it seems that some headway has been made in the investigation, and the arrests are starting to come in. And some adjustments to the actual level of theft have also been made. Five arrests made related to the MyCoin Scam. The arrest made by....


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