Ng was convicted in April for conspiracy to incite a riot, public nuisance, arson, criminal damage, manufacturing of explosives, administering poison and wounding with intent to do grievous bodily harm between October 2019 and June 2020. 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. Earlier, crypto enthusiasts had created a self-described βmeme appβ dubbed βgmβ app wherein users would greet each other with βgmβ or βgood morningβ messages. However, in September 2021, the gm app was down after a hacker reportedly gained access to the user data. A Hong Kong protester with a petrol bomb. File photo: Dylan Hollingsworth/HKFP. The channel also called on people to turn out for illegal assemblies and listed the things that participants should bring along with them, showing prior planning was in the works for riots. The messages also incited people to hurl toxic gas bombs at police and MTR stations, he added.
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