KUALA LUMPUR, March 13 -- A new cryptocurrency project called $JHOLOW has been launched, ostensibly aiming to crowdsource information on the whereabouts of fugitive financier Low Taek Jho (Jho Low), the mastermind behind the 1MDB scandal.

The initiative, created by crypto enthusiasts and investigative journalists, intends to incentivise users to share credible leads on Low's location in exchange for blockchain-based rewards.

"$JHOLOW is more than a coin - it's a community-driven investigation," said Bradley Hope, co-author of Billion Dollar Whale, adding that the project merges crypto incentives with investigative journalism.

The system offers bounties for verified tips, with rewards in $JHOLOW tokens for information on Low's whereabou...