Hong Kong cryptocurrency promoter given suspended jail sentence over ‘money from the sky’ stunt that caused chaos in poor neighbourhood

Wong Ching-kit, 25, better known as ‘Coin Young Master’, admitted committing a nuisance in a public place

Magistrate observes that promotional stunt could easily have turned ugly as there were up to 300 people on site

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Wong Ching-kit was the face of two videos capturing the incident. Photo: Dickson Lee

Published: 9:26pm, 19 Jul 2019Updated: 11:26pm, 19 Jul 2019

A flamboyant cryptocurrency businessman who took part in a publicity stunt that sent crowds in one of Hong Kong’s poorest neighbourhoods into a frenzy as banknotes fell from the sky last year was given a suspended jail sentence on Friday.

Wong Ching-kit, 25, better known as “Coin Young Master”, admitted to assisting his company’s promotion of a new cryptocurrency in Sham Shui Po on a busy Saturday afternoon last December, and pleaded guilty to one count of nuisances committed in a public place.

West Kowloon Court heard Wong was the face of two videos capturing the incident which were later uploaded to his Facebook page, Epoch Cryptocurrency.

In the first video he was seen stepping out of an orange Lamborghini parked at the junction of Fuk Wah Street and Kweilin Street.

Banknotes flutter to the ground in Sham Shui Po, one of Hong Kong’s poorest neighbourhoods. Photo: Facebook

“[I] don’t know whether any of you will believe money can fall from the sky,” he said, before turning to look at a hail of banknotes fluttering from the rooftop of Kam Wah Building on Fuk Wah Street.

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