According to reports, a mailbox of the People’s Bank of China was hacked. The email which was sent to several U.S media resources contained a fake invitation to a press conference for media, the PBOC, and the Hong Kong Monetary Authority (HKMA).
The email claimed that on February 14 the HKMA and PBOC were about to jointly introduce new measures to crack down on all aspects of Bitcoin services between mainland China and Hong Kong.
According to the email, the HKMA and PBOC would have introduced new statutes that would end all businesses and services connected to the cryptocurrency industry.
In addition to this, the email indicated the implementation of new laws which could have made make crypto mining illegal.
Experts believe that this email was a kind of a bogus attempt to manipulate the price of Bitcoin and to cause more panic throughout the cryptocurrency community. The invitation could be a ruse of traders willing to profit from a further decline of cryptocurrencies.
According to the president of the Hong Kong bitcoin association, Leonhard Weese, the purpose of the email was to manipulate the news in order to have some effect on the price in a market. He believes that such kind of manipulation is effective in an immature market with a very low barrier to entry.
Fortunately, that was a mainstream media FUD.