Hong Kong Bitcoin ‘God’ Arrested After Making Cash Rain on the Streets
By Carl Samson
December 18, 2018
A Bitcoin enthusiast who describes himself as a “god” who allegedly “steals from the rich and gives to the poor” was arrested in Hong Kong after literally making it rain cash on a street last week.
The man, identified as Wong Ching-kit, is a local entrepreneur who owns a Facebook page called Epoch Cryptocurrency.
Also known as “Coin Young Master,” Wong reportedly made his fortune from investments in Bitcoin, according to local outlet EJ Insight.
He once told a TV show that he had earned over eight figures from a starting capital 300,000 HKD ($38,360).
In a video, Wong is seen delivering a short speech before countless 100 HKD ($12.79) bills fell from the sky.
Naturally, passersby scrambled to pick up as much cash as they can.
The stunt took place along a poor neighborhood in the city’s Sham Shui Po district on Friday.
Wong, whom other cryptocurrency enthusiasts accuse as a scammer, was arrested on Sunday just before another stunt for “disorderly conduct in a public place.”
It’s unclear how much money actually rained that day, but police recovered bills amounting to 6,000 HKD (around $765).
Meanwhile, a Twitter user reportedly claimed that “100’s of millions of HKD” fell from the sky, according to Shanghaiist.
But Wong, who also livestreamed his arrest, was released early on Tuesday after posting bail.
Just hours later, he announced that he will donate to the Sham Shui Po restaurant, which is known for giving away free lunches to the poor.
The 24-year-old man, whom others call a real-life “Robin Hood,” donated 92,000 HKD ($11,765) to provide more than 3,800 free meal boxes, the South China Morning Post reported.
He also slammed allegations against his business, saying, “I deny all the accusations. If a person thinks he was victim to a fraud, he should report it to the police.”
Chan Cheuk-ming, the owner of the restaurant, accepted Wong’s donation without worry.
“We won’t ask every donor where they have got their money. Our activities are subject to official supervision,” he said. “I am happy to have him (Wong) here today, and to receive his support. We will have to give away free meal boxes constantly for a whole month.”
Images via Facebook / Epoch Cryptocurrency
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