Can't believe this happens again.. Hopefully the report is fake.
It is a report from someone shorting the market
Bitcoin is massively own by Americans which it could be a problem for other countries.
Topic: Bitcoin ponzi Mycoin in China goes bust!~ 500 mil.$ lost. Prepare for a crash! - page 4. (Read 5865 times)
February 08, 2015, 03:53:51 PM
It is a report from someone shorting the market
Bitcoin is massively own by Americans which it could be a problem for other countries.
February 08, 2015, 03:33:47 PM
"Mycoin.hk", a bitcoin thing in Hong Kong, apparenly closed without warning and owners disappeared with all clients coins. Losses seem to be about 3 billion yuan, or 500 million USD -- on the same level as the MtGOX collapse.
The nature of mycoin.hk's business was not clear. It apparently involved mining, and perhaps some Ponzi-like scheme. I could not tell whether it also worked as a live exchange.
Article in Chinese:
http://hk.apple.nextmedia.com/news/art/20150208/19034053
Google translation:
EDIT: See also the reddit thread. One comment in there claims that the report is incorrect.
The nature of mycoin.hk's business was not clear. It apparently involved mining, and perhaps some Ponzi-like scheme. I could not tell whether it also worked as a live exchange.
Article in Chinese:
http://hk.apple.nextmedia.com/news/art/20150208/19034053
Google translation:
Quote
WASHINGTON virtual currency Bitcoin (Bitcoin) once touted, Hong Kong discovered bust incident involving three billion yuan. Legislative Councillor Leung Yiu-chung received nearly ten investors in Bitcoin for help, said the suspect was a bit currency trading scams and storage platform, the largest loss of over $ 10 million estimate amounted to 30 the number of people affected, involving an amount or up to three billion yuan, victims today collective police. […]
EDIT: See also the reddit thread. One comment in there claims that the report is incorrect.
If this turns out to be true then China or the PBOC will probably ban Bitcoin in China once and forever. With all the chinese money disappearing Bitcoin will probably crash to ~50$ according to financial bitcoin experts.
Shit like this if true, could also help dry up supply causing the price to skyrocket… Its supply and demand, not moral ethical happenings or lack there of that drive the price.
Just like the 800k missing coins from MtGox helped the price skyrocketing...
February 08, 2015, 03:32:46 PM
an exchange no one has heard of has 500 million of the 3 billion dollar market cap
someone ban the troll / scamming OP for posting this shit
someone ban the troll / scamming OP for posting this shit
something surely happened but they pumped the numbers
February 08, 2015, 03:26:47 PM
"Mycoin.hk", a bitcoin thing in Hong Kong, apparenly closed without warning and owners disappeared with all clients coins. Losses seem to be about 3 billion yuan, or 500 million USD -- on the same level as the MtGOX collapse.
The nature of mycoin.hk's business was not clear. It apparently involved mining, and perhaps some Ponzi-like scheme. I could not tell whether it also worked as a live exchange.
Article in Chinese:
http://hk.apple.nextmedia.com/news/art/20150208/19034053
Google translation:
EDIT: See also the reddit thread. One comment in there claims that the report is incorrect.
The nature of mycoin.hk's business was not clear. It apparently involved mining, and perhaps some Ponzi-like scheme. I could not tell whether it also worked as a live exchange.
Article in Chinese:
http://hk.apple.nextmedia.com/news/art/20150208/19034053
Google translation:
Quote
WASHINGTON virtual currency Bitcoin (Bitcoin) once touted, Hong Kong discovered bust incident involving three billion yuan. Legislative Councillor Leung Yiu-chung received nearly ten investors in Bitcoin for help, said the suspect was a bit currency trading scams and storage platform, the largest loss of over $ 10 million estimate amounted to 30 the number of people affected, involving an amount or up to three billion yuan, victims today collective police. […]
EDIT: See also the reddit thread. One comment in there claims that the report is incorrect.
If this turns out to be true then China or the PBOC will probably ban Bitcoin in China once and forever. With all the chinese money disappearing Bitcoin will probably crash to ~50$ according to financial bitcoin experts.
Shit like this if true, could also help dry up supply causing the price to skyrocket… Its supply and demand, not moral ethical happenings or lack there of that drive the price.
February 08, 2015, 02:10:01 PM
The market hasnt moved one bit in hours so im not buying it as important news, it probably happened but not that much of a big deal.
I had never heard of them until now, but I don't usually check out the Chinese exchanges. I put their site through Google translate and it appears to be a combination of exchange, cloud mining, online wallet, games, etc.
February 08, 2015, 02:07:55 PM
The market hasnt moved one bit in hours so im not buying it as important news, it probably happened but not that much of a big deal.
Well i guess for the victims it is kind of a big deal...
February 08, 2015, 02:06:21 PM
you are goxxed!
February 08, 2015, 02:04:40 PM
The market hasnt moved one bit in hours so im not buying it as important news, it probably happened but not that much of a big deal.
February 08, 2015, 02:00:06 PM
Here is an msn page about it, but it's lost much through Google translation, and the original source is a Hong Kong website. I cannot find any decent pages about it in English yet.
http://translate.google.co.uk/translate?hl=en&sl=zh-TW&u=http://www.msn.com/zh-hk/news/national/%25E8%258B%25A6%25E4%25B8%25BB%25E6%258C%2587%25E5%25B8%25AB%25E7%2588%25BA%25E6%2593%2585%25E8%2587%25AA%25E8%25B3%25BC%25E5%2585%25A5130%25E8%2590%25AC%25E5%2585%2583%25E6%25AF%2594%25E7%2589%25B9%25E5%25B9%25A3/ar-AA97xIx&prev=search
http://translate.google.co.uk/translate?hl=en&sl=zh-TW&u=http://www.msn.com/zh-hk/news/national/%25E8%258B%25A6%25E4%25B8%25BB%25E6%258C%2587%25E5%25B8%25AB%25E7%2588%25BA%25E6%2593%2585%25E8%2587%25AA%25E8%25B3%25BC%25E5%2585%25A5130%25E8%2590%25AC%25E5%2585%2583%25E6%25AF%2594%25E7%2589%25B9%25E5%25B9%25A3/ar-AA97xIx&prev=search
February 08, 2015, 01:54:40 PM
http://www.chinatimes.com/realtimenews/20150208002335-260410
There's no smoke without a fire, but I'll wait till Monday afternoon (HK time) to find out how bad it is. They talk about 3 billions HK$, that's 386 millions US$. I think there's a mistake here.
There's no smoke without a fire, but I'll wait till Monday afternoon (HK time) to find out how bad it is. They talk about 3 billions HK$, that's 386 millions US$. I think there's a mistake here.
February 08, 2015, 01:48:31 PM
Andreas said this a million times: It will keep happening. If you dont have the coins in your wallets they arent your keys anymore.
If you want to risk it wait for Gemini, they seem the only serious centralized exchange in the making.
If you want to risk it wait for Gemini, they seem the only serious centralized exchange in the making.
February 08, 2015, 01:44:05 PM
February 08, 2015, 01:39:09 PM
February 08, 2015, 01:32:56 PM
February 08, 2015, 01:28:31 PM
I hope this doesn't have something to do with FonziePonzie.
500 Mil USD being on that exchange is absurd
500 Mil USD being on that exchange is absurd
Yahoo is now reporting the same amount, just like the other website did.
ここから本文です
損失460億円相当か＝香港のビットコイン取引所閉鎖
時事通信 2月8日(日)19時7分配信
【香港時事】インターネット上の仮想通貨「ビットコイン」を扱う香港の私設取引所「マイコイン」が顧客に連絡しないまま、閉鎖されたことが分かった。地元ラジオによると、顧客から相談を受けた立法会（議会）の梁耀忠議員は8日、記者会見し、香港の顧客は約3000人で、約30億香港ドル（約460億円）相当のビットコインが引き出せなくなったようだと説明した。
一部の香港メディアは「だまし取られた可能性がある」と報道。梁議員は「11日に顧客が警察に届け出る」と語った。取引所の責任者とは全く連絡が取れないという。
Google translate:
"[...][Hong Kong affairs ]イnn center have NekoッSuites on There Fan think inflation " BldgッSuites Uイnn " wo Qi u Hong Kong There kangaroo take the lead as " microspheres were Uイnn " ga customer ni Contact Shinano I ma ma , blocking Connecticut re ta ko To ga points kaっta . Earth element ra jiオni yo ru To , customer kara talk wo by ke ta Legislative Council ( parliament ) There Leung Yiu-chung wa 8, the reporter met shi , Hong Kong There customer wa about 3,000 peopleで, about 3 billion Hong KongドHikaru ( approximately 46 billion yen ) fairly There BldgッSuites Uイnn ki ga lead out na na ku se yo uっta da ta shi To illustrate .[...]"
February 08, 2015, 01:28:20 PM
And this almost explains that Op is lying: https://bitcointalksearch.org/topic/m.10390228
Yeah I already mentioned that he might trie to panic here! He is a typical bear! You just have to check his posts.
February 08, 2015, 01:26:06 PM
And this almost explains that Op is lying: https://bitcointalksearch.org/topic/m.10390228
The victims are exaggerating the "estimated" loss. See my reply above.
February 08, 2015, 01:24:11 PM
And this almost explains that Op is lying: https://bitcointalksearch.org/topic/m.10390228
So you think by trying to discredit my person you will make the news that appeared on yahoo and many other places less real? argumentum ad hominem
Don´t kill the mesenger.
February 08, 2015, 01:20:29 PM
If this mycoin.hk exchange is on the caliber of Mtgox before it went down, they why haven't we seen it mentioned a lot? Bitfinex is based in Taiwan, which gets referenced all the time.
February 08, 2015, 01:19:32 PM
And this almost explains that Op is lying: https://bitcointalksearch.org/topic/m.10390228
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