Two crypto influencers from Hong Kong have been added to Interpol’s Wanted List following a request from the Hong Kong police for a Red Notice. They face charges of theft, fraud, and money laundering. The charges are linked to their involvement with the collapsed crypto exchange JPEX.
This week, it was reported that Wong Ching Kit, a 30-year-old crypto influencer known as ‘Coin Young Master,’ and his 26-year-old accomplice Mok Tsun Ting have been added to Interpol’s Wanted list.
Wong Ching Kit and Mok Tsun Ting Added to Interpol Wanted List
This week, it was reported that Wong Ching Kit, a 30-year-old crypto influencer known as ‘Coin Young Master,’ and his 26-year-old accomplice Mok Tsun Ting have been added to Interpol’s Wanted list. According to Interpol’s website, Wong faces charges of one count of fraud and two counts of theft in Hong Kong, while Mok is wanted for two money laundering charges.
Wong gained attention in 2018 when he threw KH$ 6,000 (nearly $800) from a building rooftop in Sham Shui Po, creating a public stir. He was arrested for “disorderly conduct in public” but was later released on bail.
Since 2019, Wong and Mok have been involved in fraud allegations. Wong was arrested again for “conspiracy to defraud investors” after allegedly promoting a crypto mining machine with false claims. Reports indicate that more than a dozen people lost HK$3 million (around $385,000) due to Wong’s misleading advertisements. Mok was arrested as a co-conspirator in this case.
Crypto Influencers Linked to JPEX Collapse: Wong and Mok’s Involvement
Last year, crypto influencers Wong Ching Kit and Mok Tsun Ting gained notoriety for their association with the now-collapsed crypto exchange JPEX. Wong was notably involved in promoting the exchange, which had been operational in Hong Kong since 2020.
JPEX faced scrutiny from Hong Kong’s Securities and Futures Commission (SFC), which exposed the platform’s false claims of being a licensed and recognized trading venue for digital assets and virtual currencies. The SFC revealed that several influencers, including Wong, had promoted JPEX under misleading pretenses, leading to numerous investor complaints. Many retail investors reported issues with withdrawing their cryptocurrencies or finding their balances altered.
Following the SFC’s warnings, influencers were urged to cease promoting the exchange. Wong complied by removing all related content from his YouTube channel. Despite this, Mok was arrested in September due to his suspected involvement with JPEX, though he was later released on bail.
The collapse of JPEX is considered Hong Kong’s largest fraud case to date, with around $200 million stolen from over 2,000 victims. As of now, 73 individuals have been arrested in connection with the fraudulent platform, including former lawyer and influencer Joseph Lam.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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