Macau Regulator Warns Public of Gangster-Backed ICO

Cambridge Analytica’s former employee, Brittany Kaiser, has revealed that the British data analytics firm was also working with data mining company Macau Dragon Group. The latter is also known as Dragon Corporation and is backed by gangster Wan Kuok-koi “Broken Tooth”; he was previously the gang leader of ex-14K triad. The news of their involvement came last week, and in turn, financial officials from Macau issued cryptocurrency crime warnings.

Cambridge Analytica’s whistleblower detailed the company’s activities to obtain user information from Facebook for the U.S. President Donald Trump’s 2016 election campaign. After Kuok-koi’s presence was noted in the crypto community, people became worried and many claimed that regulations would help avoid such acts in the future. Cambridge Analytica helped Dragon Corporation in advertising its $500 million ICO scheduled for next month. Both the companies were also planning to work on a system that would allow users to sell their personal data to advertisers.

Reference: https://www.ccn.com/cambridge-analytica-advertised-macau-gangsters-dragon-coin-ico/

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