Interpol Issues Red Notices for Two Hong Kong Crypto Promoters
Interpol has issued red notices for two Hong Kong crypto promoters. “Coin Young Master,” known as Wong Ching-kit, is wanted on one count of fraud and two counts of theft. His associate, Mok Tsun-ting, is sought on two counts of money laundering.
Red Notices Issued at Hong Kong’s Police Force Request
The red notices were issued at the request of Hong Kong’s police force. According to reports in local media, police declined to comment on the case, stating that they were “still investigating.”
Previous Legal Troubles for the Promoters
The duo were previously arrested by Hong Kong police in 2019 on fraud charges related to the sale of Filecoin mining rigs. They were later released on bail. Mok was arrested in September 2023 as part of a fraud investigation into the JPEX crypto exchange platform.
- Over 2,000 complaints filed by victims
- Estimated $178 million in losses
Wong’s Legal History
Wong, born Kwan Tsz-kit, was one of the influencers promoting JPEX. Local authorities ordered influencers to cease promoting the platform. He was previously given a suspended jail sentence for disorderly conduct in public, relating to a 2018 stunt involving a Lamborghini and throwing cash from a rooftop.
- Ordered to cease promoting JPEX
- Received suspended jail sentence
Understanding Interpol Red Notices
An Interpol red notice is described as “a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action.” Member countries decide whether to arrest an individual based on their own laws. It is not an international arrest warrant.
Hot Take: Interpol Takes Action Against Crypto Promoters
Interpol’s decision to issue red notices for the two Hong Kong crypto promoters underscores the international nature of law enforcement in the crypto space. This move sends a strong message that fraudulent activities within the cryptocurrency industry will not be tolerated.
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