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Bitcoin millionaire, Wong Ching-kit, previously involved in “making it rain cash” on the streets of Hong Kong has been reportedly arrested for mining-related fraud, as per a report from the South China Morning Post on Thursday, Feb. 28.
The report suggests that the 25-year old businessman and his 20-year-old colleague have been arrested by Commercial Crime Bureau officers at their office in Hong Kong. The duo has been held in custody for conspiring to defraud investors by selling them cryptocurrency mining machines. The details for the miner-related sales haven’t been revealed, as of now.
A few months earlier, Wong, a purported Bitcoin millionaire stated on his social media accounts that bitcoin will make it rain and in order to prove his point, he “making it rain cash” on the streets of Hong Kong.
Earlier in January, Wong was accu...
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