Meme Coin Bounty For Tip Offs On Jho Low S Whereabouts

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Low Taek Jho, or Jho Low, has been charged in Malaysia and the US over allegations that he orchestrated the theft of US$4.5 billion from 1MDB. (File pic)
PETALING JAYA: Several investigative journalists and cryptocurrency enthusiasts have launched a meme coin bounty system in the latest effort to locate the whereabouts of fugitive financier Low Taek Jho, better known as Jho Low.
Bradley Hope, co-author of “Billion Dollar Whale”, said the bounty system using the meme coin known as $JHOLOW was aimed at obtaining tip-offs on Low.
“We’re incentivising people around the world to share any information or insight about Low’s whereabouts and network. Think of it as turning the everyone-loves-a-mystery ethos into a crowdsourced detective agency, powered by crypto rewards.
“This is a grand experiment in participatory journalism. We’re testing whether a coin’s value can be driven not just by speculation, but by the value of information it helps uncover,” he said in a press release.
Hope, one of the key men behind this initiative, said a group of crypto enthusiasts had invested in the coin, which anyone could acquire.
Information on Low’s whereabouts would be vetted by a team of moderators, with those who channel verified and useful tip-offs to be rewarded with the crypto token.
Different bounty amounts will be given depending on the value of information shared.
More information on the initiative can be found here.
Meme coins are hyper-speculative, ultra-volatile cryptocurrency initially created as a joke. They are also community-driven, with meme coins such as Pepe (based on an anthropomorphised frog internet meme) reaching a market value of US$1.8 billion in May 2023.
Hope has been behind several efforts to track down Low. He co-wrote “The Billion Dollar Whale” with Tom Wright, which chronicles the 1MDB corruption scandal and paints Low as the alleged mastermind.
Low, who has been charged in Malaysia and the US over allegations that he orchestrated the theft of US$4.5 billion from 1MDB, was previously said to be in Macau, although Beijing has denied protecting the fugitive financier.
In 2023, Inspector-General of Police Razarudin Husain said efforts to locate Low and bring him back to Malaysia had never stopped. The nation’s top cop said then that he believed it was just a matter of time before they could bring Low back. - FMT

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