Crypto Influencers On Interpol's Wanted List

Two crypto influencers from Hong Kong are now on the International Criminal Police Organization (Interpol)’s Wanted List.

Two Hong Kong crypto influencers have now been included on the International Criminal Police Organization (Interpol) Wanted List. The addition to the list follows a request from the Hong Kong police for a Red Notice from the international organization.

The two men face charges including theft, fraud, and money laundering and were previously arrested for their links to the now-collapsed crypto exchange JPEX.

Crypto Influencers On Interpol’s Wanted List

Local reports this week revealed that 30-year-old crypto influencer Wong Ching Kit, also known online as ‘Coin Young Master,’ has been added to Interpol’s Wanted list together with Mok Tsun Ting, his 26-year-old accomplice.

Interpol issued the Red Notice on Wednesday at the police’s request, which now sees the two men among the eight people wanted by Hong Kong authorities on the list.

According to Interpol’s website, Wong is wanted for one count of fraud and two counts of theft in Hong Kong, while Mok is being sought for two counts of money laundering.

Wong gained notoriety in 2018 after pulling a stunt in the Sham Shui Po area, where the influencer threw KH$6,000, worth nearly $800, from a building rooftop, causing a frenzy on the street. The stunt led to an arrest for being suspected of “disorderly conduct in public,” but he was later released on bail.

Furthermore, the crypto influencers have been involved in fraud allegations since 2019. Local police arrested Wong for a second time for “conspiracy to defraud investors” after being accused of allegedly promoting a crypto mining machine.

During seminars and on social media, the “Coin Young Master” reportedly made numerous false claims to advertise the machine, which saw over a dozen people lose a total of HK$3 million, valued at around $385,000. Along with Wong being arrested for conspiracy to defraud, Mok was arrested as a co-conspirator.

Involvement With JPEX Exchange

The crypto influencers also made headlines last year for their involvement with the now-collapsed exchange JPEX, with Wong being one of the influencers who promoted the crypto exchange.

Operating in Hong Kong since 2020, JPEX was a crypto trading platform that faced claims from the Hong Kong Securities and Futures Commission (SFC) to be “a licensed and recognized platform to facilitate the trading of digital asset and virtual currency,” which were false.

The financial authority also stated that influencers promoted the platform under pretenses and informed us that it had received several complaints about the exchange. Several retail investors were unable to withdraw their cryptocurrencies from JPEX or found their balances altered, the SFC said.

The regulatory institution also had Key Opinion Leaders (KOLs) stop promoting the crypto exchange, which saw Wong delete all his Youtube videos promoting the platform and stop promoting it.

However, Mok was arrested in September for his suspected connection with the fraudulent crypto exchange but was later released on bail. As reported by Bitcoinist, former lawyer and influencer Joseph Lam was also arrested by the Hong Kong police for his link with JPEX.

The exchange’s collapse marks the largest fraud case in Hong Kong to date, having allegedly stolen approximately $200 million from over 2,000 victims. In total, 73 people have now been arrested for their links to the crypto platform.

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