brg444
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Bitcoin replaces central, not commercial, banks


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February 09, 2015, 01:26:24 PM

Correction: the "4.1 billion USD" for the GBL scam seems to be a newspaper error.  Other sources say "4.1 million",  with is of course much more plausible.
is this for the exchange in HK that apparently stole funds and goxxed users ?
It was not an exchange. It was a good ol Ponzi scheme using a Bitcoin facade to lure suckers in.

Sorry for the confusion...

MyCoin.hk is the new Hong Kong mining ponzi scam, that collapsed last December and broke the news yesterday; estimates (based on mycoin.hk statements) are still 3 billion HKD = 385 million USD.

GLB was a Hong Kong exchange that closed and stole all client funds in November 2013.  One newspaper yesterday said that the loss was 4.1 billion USD, but it was actually 4.1 million, it seems.

Itīs hard to keep track and not to be confused with all those big bitcoin scams and frauds that appear almost weekly.

Especially went we have frauds the likes HSBC enabling hundreds of billions of dollars of tax evasion on an international scale plastered all over the news.

One has to dig deep to find relevance in the miniature scams involving a mere 3 billion dollar market!