Safe cycling lights red but the man is green At a standard road crossing, the lights have turned red, but the man has gone green for pedestrians to cross. What do you do?

Honestly in the situation I coast through as long as there is room. (i.e not a sea of people crossing)
Now my question is, is this bad cycling? I believe not, but I am interested in the views of other cyclists. 

Question inspired by this thread on lfgss  and this video... kinda
If you are in the UK this is an offence. You are traffic, therefore must obey the red.

Consequences could be a pull by the police and a fine!

I am not sure about other jurisdictions.