Published on August 29th, 2015 | by bitcoin0
Scammers Arrested in Taiwan for Bitcoin Ponzi scheme Known as “My
Lu Kuan-wei and Chen Yun-fei were arrested after the Criminal Investigation Bureau in Taipei received a number of complaints about fraud from victims.
Editor’s Note: To be clear, Mycoin was a ponzi scheme that fronted as a Bitcoin exchange.
Additionally, it needs to be noted that MyCoin is not Maicoin, a legal Taiwanese Bitcoin exchange.
In February 2015, the Hong Kong Commercial Crime Bureau (CCB) conducted a preliminary investigation into alleged unlawful activities that may have occurred at MyCoin, a now-defunct Bitcoin exchange.