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“Hey degen, are you stressed? Just let it all out,” he wrote, along with a link to join the group. The public channel had more than 109,000 subscribers, Judge Hui said. Ng had the power to remove or amend the messages in the channel, but he “allowed them to exist.” Just at this time, Bitcoin and the broader crypto market have dropped to new 2022 lows. The Bitcoin price has tanked 10 percent dropping to $20,000. On the other hand, the altcoin space is witnessing even more brutal correction. Bitcoin has dropped nearly 60 percent year-to-date and more than 70 percent since its all-time high in November 2021. Choose quality over quantity. Remember that one high-quality post is better than five short publications of questionable value. As five out of seven counts were serious, Hui sentenced Ng to six years and six months in jail.
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