Interpol Red Notices Issued for Hong Kong Cryptocurrency Promoters

IconCryptoNewsTerminal Staff25 Jul, 2024

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Interpol Red Notices Issued for Hong Kong Cryptocurrency Promoters

Interpol has issued Red Notices for two Hong Kong cryptocurrency promoters known as 'Coin Young Master,' according to Decrypt. The move was made at the request of Hong Kong police, who declined to comment on the case, saying it is "still under investigation." The pair were previously arrested in 2019 for allegedly defrauding people over mining equipment sales before being released on bail. Red Notices are international arrest warrants that can be used to locate and arrest fugitives anywhere in the world. The decision by Interpol to issue these notices indicates that Hong Kong authorities are taking the case very seriously. It is not yet clear what specific charges the two men are facing, but they are likely to include fraud and money laundering. The case highlights the growing problem of cryptocurrency scams, which have become increasingly common in recent years. It is important for investors to be aware of the risks associated with cryptocurrency investments and to only invest with reputable companies.

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