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βHey degen, are you stressed? Just let it all out,β he wrote, along with a link to join the group. With Bitcoin down 30% in the past week, some crypto traders have taken to Telegram to βvoiceβ their feelings. Ng Man-ho, a 27-year-old computer technician, was convicted last month of seven counts of incitement charges after he made use of the 100,000-member Chinese-language channel that he runs and manages to post "seditious messages," which had been shut down since August 2020. As five out of seven counts were serious, Hui sentenced Ng to six years and six months in jail. Content is editable within two days of publishing
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