点金胜手 的情节真实上演了 
english plz!!!
thank you!
Topic: Hong Kong's MyCoin Disappears With Up To $387 Million (Read 3175 times)
点金胜手 的情节真实上演了
OP should change the thread title, as it's not $387 Million but $8.1 Million lost:
http://www.coindesk.com/mycoin-hong-kong-police-8-1-million/
$8.1mill is a lot, but there's a huge difference with 9 figures as opposed to 7 figure losses.
http://www.coindesk.com/mycoin-hong-kong-police-8-1-million/
$8.1mill is a lot, but there's a huge difference with 9 figures as opposed to 7 figure losses.
it's not mycoin yet, it's theircoin now 
another scam site
another problem for bitcoin..
another scam site
another problem for bitcoin..
this is true....
remember...
do no use bitcoin exchange account like a personal wallet!!!
the story tell us it is not agood idea!!!
mtGox,
bitStamp,
myCoin...
etc etc
If this so-called exchange was so large (based on the amounts lost), why hasn't anyone mentioned anything about them until now?
Because it was a scam operation that actually didn't do anything.Why does the title say 387$ million ? Doesn't sound like nothing.
http://www.nytimes.com/2015/02/11/business/international/hong-kong-issues-warning-about-bitcoin.html?_r=2
"The Hong Kong Monetary Authority said in a statement late Monday that the case “may involve fraud or pyramid schemes,” adding: “Given the highly speculative nature of Bitcoin, we have all along urged the public to exercise extra caution when considering making transactions or investments with Bitcoin.”
"The Hong Kong Monetary Authority said in a statement late Monday that the case “may involve fraud or pyramid schemes,” adding: “Given the highly speculative nature of Bitcoin, we have all along urged the public to exercise extra caution when considering making transactions or investments with Bitcoin.”
it's not mycoin yet, it's theircoin now
another scam site
another problem for bitcoin..
another scam site
another problem for bitcoin..
On January 3, 2015, MyCoin closed down their physical office
SOURCE: http://www.coinfinance.com/news/mycoin-exchange-disappears-possibly-taking-387-million
SOURCE: http://www.coinfinance.com/news/mycoin-exchange-disappears-possibly-taking-387-million
crazy amounts of coins being taken even at $1000 price estimates. add up all the thefts and it's quite a significant chunk.
seems people don't care where they get coin as long as they can get more.
Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
until now..
it seems who the news do not affect the bitcoin price!!!!
hope the bitcoin price trend do not fall !!!
because all of mycoin is fake! the volume is a lie, company is a lie, and even the office is also a lie!
But still the victims and the missing money are real. and so are that bad media news in China about Bitcoin.
Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
until now..
it seems who the news do not affect the bitcoin price!!!!
hope the bitcoin price trend do not fall !!!
because all of mycoin is fake! the volume is a lie, company is a lie, and even the office is also a lie!
mycoin is a scam form the beginning.
%90 of bitcoin investment systrem is scam too
what a pitty but it's true...
anyone who in bitcoin circles never care about whether it was really lost such money, mycoin is just a fictitious exchange and volume
mycoin is a scam form the beginning.
%90 of bitcoin investment systrem is scam too
what a pitty but it's true...
mycoin is a scam form the beginning.
and nobody who inside bitcoins cares about whether it was really lost such money
and nobody who inside bitcoins cares about whether it was really lost such money
it's very bad news for bitcoin
bitcoin prices will under 300 dolar for o long time..
bitcoin prices will under 300 dolar for o long time..
so many sources are wrong on this story, it's incredible tbh.
Mycoin HK offered a ponzi scheme contract which was paid in FIAT currency, no one ever invested a single Bitcoin into this scam.
All investors were promsied a guaranteed 90 Bitcoin payout when their contract matured.
http://www.cryptoarticles.com/crypto-news/mycoinhk-packages-fiat-currency-ponzi-scheme-as-guaranteed-bitcoin-payout
Mycoin HK offered a ponzi scheme contract which was paid in FIAT currency, no one ever invested a single Bitcoin into this scam.
All investors were promsied a guaranteed 90 Bitcoin payout when their contract matured.
http://www.cryptoarticles.com/crypto-news/mycoinhk-packages-fiat-currency-ponzi-scheme-as-guaranteed-bitcoin-payout
Yes at the end all the investors lost only the HK Dollars and not bitcoin. We have seen this bad news didn't affect the bitcoin price (check the various charts) because no one bitcoin "has been dumped".
so many sources are wrong on this story, it's incredible tbh.
Mycoin HK offered a ponzi scheme contract which was paid in FIAT currency, no one ever invested a single Bitcoin into this scam.
All investors were promsied a guaranteed 90 Bitcoin payout when their contract matured.
http://www.cryptoarticles.com/crypto-news/mycoinhk-packages-fiat-currency-ponzi-scheme-as-guaranteed-bitcoin-payout
Mycoin HK offered a ponzi scheme contract which was paid in FIAT currency, no one ever invested a single Bitcoin into this scam.
All investors were promsied a guaranteed 90 Bitcoin payout when their contract matured.
http://www.cryptoarticles.com/crypto-news/mycoinhk-packages-fiat-currency-ponzi-scheme-as-guaranteed-bitcoin-payout
Thats the end of bitcoin
And there´s nothing we can do about it. I´ll give it 4-5 more months before life support system will be shutdown completly.
No , that's not the end.
It is the end if HK$ , they have robbed 3b of HK$
. Thats the end of bitcoin
And there´s nothing we can do about it. I´ll give it 4-5 more months before life support system will be shutdown completly.
Thats the end of bitcoin
Why are you always so negative about Bitcoin?
I remember when the price fell below $200 you made this thread : https://bitcointalksearch.org/topic/who-is-coming-to-funeral-of-bitcoin-rip-bitcoin-924379 with the title "Who is coming to funeral of Bitcoin |RIP BITCOIN"
It's as if you want it to be dead??
If this so-called exchange was so large (based on the amounts lost), why hasn't anyone mentioned anything about them until now?
Because it was a scam operation that actually didn't do anything.Why does the title say 387$ million ? Doesn't sound like nothing.
MyCoin was not an exchange.
Investors said they were lured by promises of a HK$1 million return in four months for buying a HK$400,000 bitcoin contract which would produce 90 bitcoins on maturity.
It was also a "Trading center" but at the base it was only a ponzi scheme (always this cloud mining
). These were the services :
ponzi again!!!
is becoming a must!!!
not so good!
MyCoin was not an exchange.
Investors said they were lured by promises of a HK$1 million return in four months for buying a HK$400,000 bitcoin contract which would produce 90 bitcoins on maturity.
It was also a "Trading center" but at the base it was only a ponzi scheme (always this cloud mining
). These were the services :Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
until now..
it seems who the news do not affect the bitcoin price!!!!
hope the bitcoin price trend do not fall !!!
Doubt it will do much of anything. None of the great news of the past year has helped the value, can't see how this would shake the value either.
here
https://finance.yahoo.com/news/alleged-bitcoin-scam-leaves-millions-missing-132209213.html
they are talking just aboout fiat...
HK$
kongolese Dollar...
nothing about btc!!!
If this so-called exchange was so large (based on the amounts lost), why hasn't anyone mentioned anything about them until now?
Because it was a scam operation that actually didn't do anything. Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
until now..
it seems who the news do not affect the bitcoin price!!!!
hope the bitcoin price trend do not fall !!!
Doubt it will do much of anything. None of the great news of the past year has helped the value, can't see how this would shake the value either.
If this so-called exchange was so large (based on the amounts lost), why hasn't anyone mentioned anything about them until now?
It wasn't big, its just that they had large amounts from investments, only from a few rich people.
Thats the end of bitcoin
naaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
but what 'ru saying???
LOL!!!!
maybe 'ru shorting btc eh?
Quote
If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each.
Oh my, not again. This is big. If it is true, it will definitely cripple investors confidence that they have towards bitcoin.
people must learn that Bitcoin is good, Centralized exchanges are bad.
...i'm reading you signature...
and i'm thinking!!!
If this so-called exchange was so large (based on the amounts lost), why hasn't anyone mentioned anything about them until now?
Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
Expected outcomes for most exchanges. Watch out when the major 3-4 major exchanges blow out next time.
One Hong Kong Dollar is worth .13 US Dollars
RICH MIGHT INVESTMENT LIMITED
Referred: RMI
Company Registered No: 1540861
Address: China, Hong Kong
OfficeBon 23/F, Railway Plaza，No. 39 Chatham Road South, Kowloon，Hong Kong
Customer Service Email: [email protected]
Customer Service Tel：(China) +86 4007772775 (Hong Kong) +852 63509793
Customer Service Office Hours：Monday to Friday 09:00 ─ 18:00 Saturday, Sunday & Public Holiday：Closed
So no need for widespread panic?
Nope.. say goodbuy to the hopes of freefall and cheap coins.
https://www.mycoin.hk/en/index.jsp
Thats the end of bitcoin
So no need for widespread panic?
Nope. One centralized exchange with bad actors/bad operators having issues does not cause panic.
Just a continuing problem with these centralized overseas exchanges with no rules, laws, or regulatory framework to properly make sure it's customers aren't taken advantage of like Mt. Gox...
So no need for widespread panic?
Nope.. say goodbuy to the hopes of freefall and cheap coins.
So no need for widespread panic?
Very low number of coins were lost in this scam. It operated in HKD. Ppl sent in their fiat money, in return got an account at the exchange, and a number of IOU coins they could not withdraw.
Thanks, that pretty much sums it up. No reason to panic, guys.
Here's the TL;DR version of that post:
[...]These news are ALL USING THE FAKE NUMBER[...]
[...]Most people in Mainland China and Hong Kong SAR know about this situation at long long time ago (people talked about this at many Chinese bitcoin forum since the end of 2014), Now today the exchanger finally gone down as everyone's expected.[...]
[...]A really small exchanger gone down, less than may be let's say half million HKD(including real bitcoins deposited at there) is lost [...]
[...]If you are waiting for Chinese market to panic, give it up, most Chinese know the mycoin.hk exchanger would runoff at a half year ago[...]
Why does this keep happening to the bitcoin community? Wasn't 2014 enough of a shitty year... expecting the price to drop even lower now after this... should try and get some cheap coins after that.
Why do you expect your bitcoins to magically be safe when you give them to other people and there isn't any kind of regulation that forces them to keep them safely? it's people fault for putting their coins at exchanges. At least wait for the Winklevii one ffs.
$386.9m? i doubt that.
As known so far, 30 victims seek help and they claim loss of 1 million HKD on average. The legislative councillor speculates that there are 3000 victims and ALL OF THEM lost 1 million HKD. That's how the 3 billion HKD got calculated.
$386.9m? i doubt that.
@rememberme
that would be more realistic.
@rememberme
that would be more realistic.
Why does this keep happening to the bitcoin community? Wasn't 2014 enough of a shitty year... expecting the price to drop even lower now after this... should try and get some cheap coins after that.
That's some Gox shit right there again, rekt 
38MIll not 380
Didn't the article following up say the amount was wrong and the correct amount was lower ?
Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
until now..
it seems who the news do not affect the bitcoin price!!!!
hope the bitcoin price trend do not fall !!!
Bitcoin price will always show the reverse trend than the expected.
Are we talking about investments in the form of money people put on the exchange in order to trade or other investments in term of capital support? The amount seems so incredibly high and puts BitStamps fiasco in perspective. I've never heard of that exchange before, how can they be such a big deal?
[...] taking with it possibly as much as HK$3bn ($386.9m) in investor funds.[...]
That was the claim of the site. Now, why would you trust that number in any way?
Quote
If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each.
Oh my, not again. This is big. If it is true, it will definitely cripple investors confidence that they have towards bitcoin.
people must learn that Bitcoin is good, Centralized exchanges are bad.
Quote
If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each.
Oh my, not again. This is big. If it is true, it will definitely cripple investors confidence that they have towards bitcoin.
Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
until now..
it seems who the news do not affect the bitcoin price!!!!
hope the bitcoin price trend do not fall !!!
Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
WHOAA.... $387 Million...! That's a lot of money!
Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
More @ http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
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