According to CryptoPotato, Hong Kong native and cryptocurrency promoter Wong Ching-kit has come under the scrutiny of the International Criminal Police Organization (Interpol) for his alleged involvement in multiple criminal activities. The latest incident involves a cryptocurrency scam amounting to over HK$3 million ($384,310). Interpol has issued a red notice against Ching-kit, signaling global law enforcement that he is wanted for one count of fraud and two counts of theft in Hong Kong.
Ching-kit, also known as the “Coin Young Master,” has a history of legal issues in Hong Kong. Born Kwan Tsz-kit, he changed his name after being convicted of theft and sentenced to community service in 2012. In a notable incident six years ago, Ching-kit threw over HK$6,000 ($768) from a rooftop in the Sham Shui Po district, leading to his arrest on suspicion of disorderly conduct. He was later granted bail. Shortly after this event, Ching-kit donated HK$92,000 ($11,785) to a local restaurant to provide meal boxes to underprivileged residents, a gesture he claimed was meant to appeal to the public.
Despite his public gestures, Ching-kit is currently under investigation by the Hong Kong police force’s Commercial Crime Bureau for several criminal cases. Sources indicate that local police have also sought Interpol’s assistance in locating Ching-kit’s former associate, Mok Tsun-ting, who is wanted for two counts of money laundering.
The rise in crypto-related crimes in Hong Kong has been notable. Recently, local police arrested three individuals for defrauding a businessman of HK$3.11 million ($399,000) in crypto assets by offering counterfeit HK$1,000 banknotes. In another incident, kidnappers demanded a ransom of HK$5.15 million to be paid in 660,000 USDT after abducting a 3-year-old boy from a shopping mall.