Don’t count on that Tsushima cryptocurrency just yet

The stern plate of Donskoy, via the Shinil Group, who may be one of the biggest hoaxsters of the 21st century.

It increasingly looks like the shadowy group that intended to salvage the “billions” from the Tsar’s lost semi-armored frigate Dmitriy Donskoy, which made headlines last month, was more flash in the pan than gold in the bank.

From Gizmodo:

More bizarre twists and outrageous claims kept coming, culminating in a July 26 press conference in which company President Choi Yong-seok told reporters, “there’s no way for us to figure out whether there would be gold coins or bars on the Donskoi,” and that the company’s previous claims were based on speculation and media reports. He also said he’d only become president a few hours before the conference and the other members of leadership had resigned.

It should be noted that this is not the first time that treasure hunters have promised big bucks from the Tsar’s doomed 2nd Pacific Squadron only to come up short. In 1980, Japanese salvors located the armored cruiser Admiral Nakhimov and pulled up an unspecified amount of gold bullion, platinum ingots, and British gold sovereigns– over the howls of the Soviets. The ship reportedly carried 16 platinum bars, 48 gold bars and about 5,000 pounds of British gold coins. The funny thing is– the ingots shown off in 1980 were later found to be made out of lead.

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