Red Flags Raised Over Hong Kong Bitcoin Exchange HKCex
When Claus, a computer technician in the UK, came across a new exchange based in Hong Kong, his interest was piqued. He was looking to make a return on his litecoin and Hong Kong exchange HKCex offered a higher litecoin to bitcoin rate than others. Claus deposited 1,000 LTC to HKCex on 15th May and was pleasantly surprised when his HKCex account balance showed an extra 88.8 LTC. It turned out that the new exchange was offering a promotional bonus on deposits. Claus hadn't even noticed the sweetener. "I thought their prices were inflated due to the abundance of USD deposit methods and low....
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HKCEx is a scam. HKCEx recently launched their online exchange and sent out a press release on 5/14/14 announcing $25 million USD in funding and deposit bonuses. This most recent press release was only published by one site: Technode. Technode has now deleted their original article (which is still available in cached form) and replaced the link claiming that HKCEx raised $25 million USD with one that reflects the fact (this article has now also been rescinded) that customers have been having issues and the site HKCEx.net had disappeared for several hours. Technode was also the only source....
Hong Kong's police force continues to investigate HKCex after a customer lodged a report of fraudulent activity in May, claiming he was unable to withdraw 16.5 BTC from the cryptocurrency exchange. The customer, Dominic Rivers, told CoinDesk he then made a statement to the Hong Kong police's Criminal Investigation Department (CID) on 3rd June, explaining: "I hope [the police] track these guys down. I hope an example is made of them and I hope I get my money back." According to the case's investigating officer, however, progress has been slow. The officer said he had written to MG Foreign....
HKCex has been the subject of extensive complaints in recent weeks. CoinDesk is attempting to verify the matter. A new Hong Kong bitcoin exchange has launched after raising $2m in funding from local investors. The exchange, HKCex, said the funds came from "private financial institutions" in the region. HKCex is led by chief executive and chairman Pheng Cheah. The company said it will allow mainland China customers to open accounts and will also accept wire transfers from mainland bank accounts. "Mainland customers are welcome," said Lavin Lam, a marketing and PR spokesperson for the....
It's Sunday again, which means it's time for another Bitcoin News in Review, where we look back at our biggest stories here on CCN. This week, (18 May - 25 May), was quite eventful, so we've got a lot to cover on this News in Review. We exposed HKCEx as a scam, helped prevent a 51% attack on Litecoin, saw Darkcoin's price skyrocket, and more. Check out our video and keep scrolling to read our articles on this Bitcoin News in Review. [youtube http://www.youtube.com/watch?v=9CQmfEUOC-Y] HKCEx is a Scam. As we've said before, bitcoin scams are a dime a dozen, but we're doing our best to....
A brand-spanking-new bitcoin exchange based out of Hong Kong has recently received a $2 million investment from private investors and local financial companies, according to Bitcoin Examiner. It's HKCEx, and it's claiming to be the world's most secure bitcoin trading exchange. The company will reportedly use a good chunk of the investment cash to "create a high-load trading infrastructure, merchant platform and to promote and popularize the HKCEx brand." The exchange is coming in with an extreme attention to details when it comes to customer needs. "The base of the principles of our....