Hong Kong-based Bitcoin trading and investment outfit MyCoin.hk has allegedly entered sudden bankruptcy, reportedly losing customers up to HK$3 billion (US$386.9 million) in bitcoins.
The South China Morning Post estimates that as many as 3,000 private users may be implicated in the losses, with pyramid scheme accusations coming from both consumers and lawmakers.
“No one seems to know who is behind this,” user Lau, who originally invested HK$1.3 million in four Bitcoin contracts, told the publication. […]
