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Mainland Cryptocurrency Scam Spreads to Hong Kong, Over 100 Hong Kong Residents Scammed, 4 Arrested by Police
Summary: According to Caixin, a mainland cryptocurrency investment scam has spread to Hong Kong, with at least 118 people falling victim to the scam, resulting in a total loss of approximately 3.2 million Hong Kong dollars. On July 16, Hong Kong police revealed that on July 15, they arrested 4 local Hong Kong residents on charges ...
According to Caixin, a mainland cryptocurrency investment scam has spread to Hong Kong, with at least 118 people falling victim to the scam, resulting in a total loss of approximately 3.2 million Hong Kong dollars. On July 16, Hong Kong police revealed that on July 15, they arrested 4 local Hong Kong residents on charges of 'conspiracy to defraud.' These individuals are suspected of organizing promotional events for the mainland cryptocurrency scam, soliciting victims, and collecting fraudulent funds totaling 3.89 million Hong Kong dollars. While a small amount of funds has been withdrawn, the remaining approximately 3.2 million Hong Kong dollars has not yet been recovered.
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Link: Mainland Cryptocurrency Scam Spreads to Hong Kong, Over 100 Hong Kong Residents Scammed, 4 Arrested by Police [Copy]
