‘When they make money, there is no thank you. When they lose money, they call it a scam‘; this was the latest response by the Bitcoin billionaire and a promoter Wong Ching-kit who sells bitcoin mining machines. He was recently arrested by the police following various complaints by the general public and behaving in riotous conduct in a public place.
Wong Denied Investor’s Claim
Addressing the investor’s claim of losing HK$3 million, Wong Ching-kit says that he’s not behind anyone’s loss. Consequently, he said that;
“When they make money, they won’t share their profits with me. But when they lose money, they ask me for money back.” He continued that, “When they make money, there is no thank you. When they lose money, they call it a scam,”
On Sunday there were a number of investors criticizing and complaining that the facebook page of Wong Ching-kit has continuously promoted and thus misled many investors to invest in ‘digital currency’ called ‘filecoin’. This virtual coin is said and expected to reap the profit within three months. But the reports reveal that the so-called ‘filecoin’ isn’t in operation or trading mode yet. Moreover, investors were told about the refund accessibility only if the coin wouldn’t launch in time but the investors are now reporting that ‘promises of refund were never honored’.
One of such investors claimed;
“At first, I was told I could get a refund if filecoin could not be launched in time, But when we asked for a refund, he used delaying tactics and made different excuses to turn us down.”
Catching the Flying Notes in Hong Kong
Wong Ching-kit from Hong Kong is often referred to as Mr. Coin. In mid-December, the man shared a post on social media with the caption ‘ Robbing the rich to help the poor’ after an interesting event in Hong Kong. The incident was ‘throwing money from a rooftop’ in the poorest city of Hong Kong. According to reports, Wong Chin-kit was the person behind the incident based on his history of businesses involved in crypto and the post shared on social media.
幣少爺-新世代礦業 ಅವರಿಂದ ಈ ದಿನದಂದು ಪೋಸ್ಟ್ ಮಾಡಲಾಗಿದೆ ಶುಕ್ರವಾರ, ಡಿಸೆಂಬರ್ 21, 2018
Accordingly, he got arrested by police the next day of the incident wherein the notes were falling from the sky and the public on-street rushed to grab the flying notes.
Reports revealed ‘Wong Ching-kit has dropped an estimate of $25000’. And, he himself shared a video on his Facebook page (of which he is the admin) with the caption;
“Does anyone of you believe that money can fall from the sky?”
As far as the losses by investing in ‘filecoin’ are concerned, Wong says that he only sells the machine and people in business can either earn money or lose money. However, the task force in Hong Kong have received various complaints against Wong, specifically, there were nine men and a woman who reported police on the losses they incurred by investing in Wong’s crypto business. Since nothing justified Wong’s wrongdoing yet, the police said that they’re investigating into Wong and his business activities.
Besides all these objections, Wong continued adding that;
“If a person thinks he has fallen victim to fraud, he should report it to police.”
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com