Hong Kong's Newest Bitcoin Exchange Goes Dark, Fraud Suspected
Hong Kong police are investigating the disappearance of tens of thousands of dollars worth of Bitcoins at the HKCex exchange, which could open the doors for more victims to come forward. Everyone is familiar with Mt. Gox which lost hundreds of millions of dollars worth of Bicoins in client money forcing the company to close its doors. But while Mt. Gox was probably a victim of hackers or inside malfeasance, the recent incidents at the Hong Kong Crypto Exchange seems from all indications to have been a ponzi scheme from the beginning. Investigations by the South China Morning Post revealed....
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