Wong Ching-kit, a Hong Kong native and cryptocurrency promoter, is currently under scrutiny by the International Criminal Police Organization (Interpol) for his alleged involvement in multiple criminal activities. A red notice has been issued against Ching-kit, indicating that he is wanted globally for one count of fraud and two counts of theft in Hong Kong.

Ching-kit, also known as the "Coin Young Master," has a history of legal issues in Hong Kong. He was previously convicted of theft and sentenced to community service in 2012. In a notable incident six years ago, Ching-kit threw over HK$6,000 from a rooftop, leading to his arrest on suspicion of disorderly conduct. Despite his public gestures, including donating HK$92,000 to a local restaurant, Ching-kit is currently under investigation by the Hong Kong police force's Commercial Crime Bureau for several criminal cases.

The rise in crypto-related crimes in Hong Kong has been notable. Local police have arrested individuals for defrauding a businessman of HK$3.11 million in crypto assets and have also dealt with a kidnapping case where the ransom was demanded in USDT. Ching-kit's case is the latest in a string of crypto-related crimes, highlighting the need for increased regulation and awareness in the industry.

Ching-kit's involvement in multiple criminal activities has led to a global manhunt, with Interpol seeking his arrest. His case serves as a reminder of the risks associated with the cryptocurrency industry and the need for individuals to conduct thorough research before investing.

The investigation into Ching-kit's activities is ongoing, with local police seeking assistance from Interpol in locating his former associate, Mok Tsun-ting, who is wanted for two counts of money laundering. As the case unfolds, it is likely to have significant implications for the cryptocurrency industry in Hong Kong and beyond.