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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 as the Bitcoin turmoil continues, crypto traders have taken to Telegram to voice their feelings. Crypto investors can reduce their anxiety about losses by joining the “Bear Market Screaming Therapy Group” on Telegram. It’s yet another bloodbath on Satoshi Street. As of press time, Bitcoin (BTC) and the broader cryptocurrency market have corrected another 10 percent amid a massive sell-off. Ethereum (EHT) is down a staggering 15 percent moving close to $1,000, down more than 42 percent on the weekly chart. “[The defendant] could not shift his criminal liability,” Hui said. Hui said the time period and nature of some offences “overlapped” and thus their prison terms could be served concurrently. The judge ordered Ng to be jailed for a total of six years and six months.
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