MyCoin just walked with close to $400 million in customer funds after providing exactly 0 service, or product. The video below was taken at their “MyBitcoin World Tour” conference in Thailand. Flashing lights, dancing, women, and Bitcoin? All the telltale signs to STAY AWAY.

And yet another scam company bites the dust while preying on the innocent, ignorant, greed-striken victims, once again threatening the public perception of Bitcoin around the world.

Somewhere in the British Virgin Islands, a banker deposits a check for $390 million. A criminal is relaxing on the beach sipping exotic tropical drinks while laughing about all the old Chinese people he/she/they ripped off.

What a cruel world.