‘Coin Young Master’ Presumably Throws Cash from the Sky in Hong Kong

A fantastical scene took place is an impoverished Hong Kong suburb on December 15. On Fuk Wa Street in Sham Shui Po, a man clothed in a black hoodie began throwing handfuls of banknotes onto the street below. There were HK$100 (US$13) banknotes shattered all over the street as people scrambled to witness the display.

A video of the hooded man emerged on Facebook and it appeared he was delivering an announcement along with the banknotes. The announcement is as follows:

“Today, December 15, is FCC’s big day in announcing the trading race. I hope everyone here will pay attention to this important event …[I] don’t know whether any of you will believe money can fall from the sky.”

Although the hooded man behind the stunt hasn’t been officially identified, nor have any arrests been made, some locals believe they know the man behind the hoodie. The man in question called Wong Ching-Kit and is the owner of the Epoch Cryptocurrency Facebook page. The Facebook page is dedicated to promoting cryptocurrency. Ching-Kit has earned himself the nickname “Coin Young Master” for his continued fandom of cryptocurrency.

Most countries around the world have laws around what to do when finding cash and other items on the street. The old adage “finders keepers, losers weepers” is actually not as true as most people think it is. For example, in the UK, if you find cash on the street, and you required to make reasonable steps to find the owner, which usually means handing it to the police. Now of course, if you find a £1 coin, the owner is unlikely to try and track that down, but the owner of five £20 notes may notify the police, and hence you are obligated to hand them to the police if you find them.

There is a similar law present in Hong Kong, although the public seems notably more wary of picking up the cash. As soon as the cash began falling from the sky, officers told the onlookers to leave the cash and not pick it up. Police officers at the scene picked up around HK$5,000, which also happens to be the maximum penalty for the crime. Any passersby that did pick up the cash and didn’t report it to the police are also breaking the law.

Wong Ching-Kit has denied allegations that he is the culprit saying “Don’t blame it on me, I also don’t know why money could fall from the sky.” However, he did post a Facebook video shortly after the event saying he was “robbing the rich to help the poor.”