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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 βallowed them to exist.β For crypto enthusiasts, there was the βgmβ app, a self-described βmeme appβ which only allowed users to greet each other with βgm,β or βgood morning,β a common acronym thrown around on Crypto Twitter and Discord. But the gm app was shut down back in September after a hacker reportedly gained access to user data. A vandalised bank during the 2019 protest. File photo: May James/HKFP. βBanβ on Telegram 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.
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