Police Still Searching for Answers in Investigation of HKCex Exchange
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....
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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....
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the link claiming that HKCEx raised $25 million USD with one that reflects the fact (this article has now also been rescinded) that customers have been having issues and the site HKCEx.net had disappeared for several hours.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....
Police in Hong Kong are reportedly investigating the disappearance of many thousands of (Hong Kong) dollars at the HKCex exchange, reports South China Morning Post this weekend. The exchange, which opened its doors just last month, has appeared to have ceased business operations already, with customers being unable to contact the company and a website that isn't functioning properly. HKCex Dominic Rivers, aged 34 and a former IT professional, reported a significant loss on the exchange of HK$67,000 in digital currency, worth $8,500 in US Dollars. Making matters worse, the value of bitcoin....
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....
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....