Hong Kong: Purported Bitcoin Millionaire Reportedly Arrested After Making It ‘Rain Cash’

A purported Bitcoin millionaire has reportedly been arrested in Hong Kong for having made it “rain cash” in one of many poorest components of town.

A supposed Bitcoin (BTC) millionaire has been arrested in Hong Kong after “making it rain money” on the streets, native English-language information outlet the Shanghaiist reported on Dec. 17.

On Sunday, a swathe of 100-Hong Kong greenback payments had been thrown off a roof in Sham Shui Po, one of many poorest Hong Kong neighborhoods. Wong Ching-kit, a neighborhood cryptocurrency fanatic, purported Bitcoin millionaire, and entrepreneur who owns the Epoch Cryptocurrency web site, is reportedly believed to be liable for the stunt.

In a video posted on Epoch’s Facebook web page, he’s seen asking “does anybody imagine that cash can fall from the sky?” earlier than cash begins falling from a excessive constructing behind him.

The description of the video particulars a contest whereby contributors can allegedly win massive money prizes. In one other video Ching-kit reportedly describes himself inside a luxurious automobile as some sort of “god” that “steals from the wealthy and provides to the poor.”

According to Shanghaiist, the person was subsequently arrested by native police, reportedly earlier than performing one other publicity stunt. Shanghaiist reviews that he was detained for “disorderly conduct in a public place” whereas live-streaming with a stack of money in his hand.

Leo Weese, a member of the native crypto group, tweeted that Ching-kit shouldn’t be a Bitcoin millionaire however is as an alternative “operating a pyramid-like scheme.” The police reportedly declare to have solely recovered 6,000 Hong Kong {dollars} ($767) whereas “a well-liked Twitter submit claims, unreasonably, that ‘100’s of tens of millions of HKD’ was dropped from the rooftop.”

In May 2018, organizers of a blockchain convention in China had been subjected to harsh criticism after they organized a efficiency together with a Mao Zedong impersonator. An actor wearing a gray Mao swimsuit gave a speech within the type of the Chairman, wishing success to the viewers in an accent from Mao’s start province of Hunan, declaring:

“You are worthy of being referred to as the good little kids of the Chinese nation, and I thanks within the title of Mao Zedong.”

The organizers reportedly broke a regulation prohibiting using the picture of any previous or current chief in promotional actions and tv commercials.

Earlier that very same month, a Ukrainian preliminary coin providing (initial coin offering) publicity stunt on Mount Everest resulted within the loss of life of a sherpa. Social community ASKfm sponsored “crypto fans” to climb Mount Everest and place a Ledger wallet holding 500,000 in ASKfm tokens on the peak. The sherpa died through the descent.

Original supply: https://cointelegraph.com/news/hong-kong-purported-bitcoin-millionaire-reportedly-arrested-after-making-it-rain-cash

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