Post
Topic
Board Service Discussion (Altcoins)
Re: Hong Kong Exchange MyCoin Disappears with Up To $387m, Reports Claim
by
Mountain Jew
on 09/02/2015, 13:09:40 UTC
$386.9m for 3000 people? Every average lost $10K, That can't be true.


It's not. They're basing that number of faked figures which were no doubt exaggerated to further their scam:

Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.
If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each.