Interpol issues red notice for Hong Kong crypto developer linked to $384,000 scam

Cryptocurrency developer and Hong Kong native Wong Ching-kit has entered the radar of the International Criminal Police Organization (Interpol) for his alleged role in several criminal cases, the latest being a cryptocurrency scam involving more than HK$3 million ($384,310).

According to a report by the South China Morning Post, Interpol has issued a red notice against Ching-kit, alerting global law enforcement agencies that he is wanted for one count of fraud and two counts of theft in Hong Kong.

Interpol pursues crypto developer

Ching-kit, also known as the “Coin Young Master”, has a rough past full of violations of Hong Kong law. The 30-year-old was named Kwan Tsz-kit at birth but changed his name after he was convicted of theft and sentenced to 160 hours of community service in 2012 while working as a swimming instructor.

Six years ago, Ching-kit also performed a stunt involving throwing more than HK$6,000 ($768) from a rooftop in the Sham Shui Po district. The local police arrested him on suspicion of disorderly conduct in public, and he was eventually granted bail. A few days after the incident, Ching-kit donated HK$92,000 ($11,785) to a restaurant in Sham Shui Po to serve more than 3,800 boxes of food to disadvantaged residents. This happened barely 15 minutes after speaking with Chan Cheuk-ming, the owner of the business.

When asked why he was sharing the free meals, Ching-kit told reporters that the gesture was an attempt to appeal to the local public. He added that people intending to make cash or in-kind donations should not cause any inconvenience.

Despite his attempt to appeal to the public, Ching-kit is being investigated for several criminal cases by the Commercial Crime Bureau of the Hong Kong police. Sources familiar with the matter said local police also sought Interpol’s help in finding Ching-kit’s former partner, 26-year-old Mok Tsun-ting, who is wanted on two counts of money laundering. money.

Crypto crimes on the rise in Hong Kong

Crypto crimes in Hong Kong have been on the rise recently. Last week, CryptoPotato reported that local police arrested three people for defrauding a businessman of HK$3.11 million ($399,000) in crypto assets by offering him bundles of counterfeit HK$1,000 notes.

Another incident reported earlier this month involved kidnappers demanding a ransom of HK$5.15 million to be sent in USDT660,000 after abducting a 3-year-old boy from a shopping mall.

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