Silence from Bitcoin venture in Hong Kong fuels investor concern

[HONG KONG] Hong Kong people who invested with a venture describing itself as a bitcoin platform are concerned their money may be gone, according to Leung Yiu Chung, a lawmaker who has taken up their case.

About 30 people plan to file complaints with the police after finding they can no longer reach staff at Mycoin.hk, Mr Leung said by phone Monday. Mycoin.hk describes itself on its website as a global bitcoin trading platform and application service provider. Calls to phone numbers on Mycoin.hk's website weren't answered.

Investors were offered high returns and chances for prizes, Mr Leung said, citing an example of an 81-year-old woman who said the company owes her HK$1.18 million (US$152,000). When attracting investors, Mycoin.hk said that about 3,000 people in Hong Kong had put in an average of HK$1 million each, the lawmaker said.

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