Interpol targets Hong Kong crypto promoter with red notice over $384k fraud

Interpol has issued a red notice seeking the arrest of a Hong Kong crypto promoter over an alleged $384,000 crypto fraud.

Interpol has issued a red notice for Wong Ching-kit, a Hong Kong crypto promoter known as the “Coin Young Master,” who is wanted for fraud and two counts of theft linked to a HK$3 million (around $384,000) deception case.

While Interpol hasn’t detailed the reasons for the red notice, a source familiar with the matter told the South China Morning Post that Wong is connected to several ongoing investigations by Hong Kong’s commercial crime bureau, including the significant crypto fraud.

Wong has long been known in the local crypto community, at least since early 2019, when he was accused of defrauding investors through a crypto mining hardware scheme associated with a token called “Filecoin.” It’s unclear whether that project is somehow related to the legitimate Filecoin network founded by Juan Benet. As of press time, Wong’s whereabouts remain unknown.

Interpol’s red notice is a global alert for law enforcement agencies to locate and provisionally arrest individuals pending extradition, surrender, or similar legal action. This notice includes identifying and judicial information about the person, assisting authorities in their efforts to apprehend fugitives.

In September 2022, Interpol also issued a red notice for Do Kwon, the South Korean co-founder of Terraform Labs. Kwon was arrested in March 2023 at Podgorica airport while attempting to travel to Dubai with a fake passport.