Infamous businessman Low Taek Jho (Jho Low) has been on the run for years after being suspected of involvement in the 1Malaysia Development Berhad (1MDB) scandal.
Despite efforts by Malaysian authorities to track him down, he’s managed to stay ahead and is believed to be hiding in China, Macau, or the Middle East, according to Daily Express.
Where is Jho Low?
Till now, there are still no leads on Low’s whereabouts.
In an effort to track him down, a new cryptocurrency project called “$JHOLOW” has been launched, aiming to crowdsource information through blockchain-based rewards.
Started by crypto enthusiasts and investigative journalists, it rewards users with incentives for credible leads on his location.
Bradley Hope, co-author of Billion Dollar Whale, described $JHOLOW as, “more than a coin – it’s a community-driven investigation”.
Poster of the cryptocurrency project
Credible tips on Low’s location will be rewarded
The system operates by rewarding verified tips with $JHOLOW tokens, offering bounties for credible information on Low’s location, assets, or financial networks.
According to the project’s website, strict guidelines are in place to prevent illegal information-gathering, ensuring all leads go through thorough journalistic verification.
The founders admit the project is still an experiment, but they believe it could pave the way for a new kind of decentralised investigation by mixing crypto speculation with real-world impact.
You can check out the $JHOLOW project here.
As authorities continue to face challenges in tracking down Low, this initiative is gaining traction as an alternative approach.
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This post first appeared on WORLD OF BUZZ.
