The alleged Bitcoin Millionaire is Arrested after “making it rain” in Hong Kong

A local English-language news site, the Shanghaiist reported on Dec. 17, the local police arrested an alleged Bitcoin Millionaire, after “making it rain” on the street of Hong Kong.

Money rain in Hong Kong

Last Sunday, somebody thrown off 100-Hong Kong dollar bills from a roof in Sham Shui Po. This is one of the poorest area in Hong Kong. Reportedly Wong Ching-kit, a local cryptocurrency enthusiast stand behind this “action”. Wong is supposedly a Bitcoin millionaire, and he is the owner of the Epoch Cryptocurrency website.

A video posted on facebook shows us Wong stopping on the street, and asking “does anyone believe that money can fall from the sky?” right before they throw the money from the roof.

In the video description, we can find a description, which says participants can allegedly win a big amount of cash. Previously, he described himself in a luxury car as a Robin Hood-kind person. He said: “steals from the rich and gives to the poor”

The local police arrested Wong Ching-kit, before performing the next publicity stunt based on Shanghaiist. The reason for his detention is: “disorderly conduct in a public place” during a  live-stream with a big amount of cash in his hand.

money on the floor - bitcoin

A member of the local crypto community, Leo Weese, shared a post on twitter. The post claims that Ching-kit is not a Bitcoin millionaire. He  is “running a pyramid-like scheme”. The police stated that, they find only recovered 6,000 Hong Kong dollars. However “a popular Twitter post claimed, unreasonably, that ‘100’s of millions of HKD’ was dropped from the rooftop.”

A good idea to gain popularity, or not?!

In China, this May, the organizers of a blockchain conference were subjected to harsh criticism. They invited a Mao Zedong impersonator to their event. Their goal was to get closer to the audience with an actor dressed in a grey Mao suit and speaking in the style of the Chairman, and said:

“You are worthy of being called the great sons and daughters of the Chinese nation, and I thank you in the name of Mao Zedong.”

With this idea, the organizers broke a law prohibiting the use of the image of a present leader in to gain their popularity.

Also in May, but earlier, in Ukraine, an initial coin offering (ICO) news talking about  Mount Everest resulted the death of a sherpa. The social network ASKfm had a paid promotion for “crypto enthusiasts”. The promotion was to climb Mount Everest and place a wallet holding 500,000 in ASKfm tokens at the peak. The sherpa died on the way back.

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