The Story of Two Crypto Influencers Wanted by Interpol
In a shocking turn of events, two crypto influencers from Hong Kong have found themselves on the Wanted List of the International Criminal Police Organization (Interpol). The duo, aged 30 and 26, are facing charges of theft, fraud, and money laundering. Their troubles began with their involvement in the now-defunct crypto exchange JPEX, which has been at the center of a major scandal in Hong Kong.
Crypto Influencers’ Run-In with the Law
This week, reports emerged that ‘Coin Young Master’, also known as Wong Ching Kit, and his accomplice Mok Tsun Ting have been added to Interpol’s Wanted list. The Red Notice issued by Interpol follows a request from Hong Kong police, placing the two influencers among the 8 people wanted by the authorities.
- Wong Ching Kit, a 30-year-old renowned crypto influencer, was the first to gain fame after a stunt in the Sham Shui Po area, causing a stir by throwing money from a rooftop.
- The influencer has faced arrest in the past for disorderly conduct and conspiracy to defraud investors, linked to false claims about a crypto mining machine.
- His partner, 26-year-old Mok Tsun Ting, has been charged with money laundering offenses.
The Duo’s Connection to JPEX Exchange
Last year, the spotlight shone on Wong and Mok for their association with JPEX, a crypto exchange that later collapsed. Wong was among the influencers who boosted the platform, drawing attention to its false claims of being a licensed trading platform for digital assets.
- JPEX operated in Hong Kong from 2020 until its downfall, leaving investors stranded with altered balances and blocked withdrawals.
- Both influencers were accused of promoting the exchange under false pretenses, resulting in complaints from numerous investors.
- Following regulatory action by Hong Kong’s Securities and Futures Commission, influencers like Wong stopped promoting JPEX.
The Fallout from JPEX’s Collapse
The collapse of JPEX marked a significant fraud case in Hong Kong, defrauding over 2,000 victims of approximately $200 million. The repercussions of the scandal continue to unfold, with 73 individuals arrested thus far for their involvement with the fraudulent exchange.
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