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Hong Kong police revealed a virtual currency scam case, where a retired individual was deceived by an "expert" and lost 6.6 million Hong Kong dollars over six months
By: rootdata|2026/03/21 17:42:00
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According to the Hong Kong Wen Wei Po, the Hong Kong police's Cyber Crime Unit "Guardians of the Net" disclosed a virtual currency fraud case, where a 66-year-old retiree fell victim to a "virtual currency investment expert" scam three times since September 2025.
After being defrauded of 1.4 million Hong Kong dollars for the first time, the victim paid another "expert" a deposit of 600,000 Hong Kong dollars to recover the losses, and was then induced to purchase virtual currency worth 4.6 million Hong Kong dollars to be transferred to a designated account. The scammers went offline after receiving the payments, and the victim's total losses reached 6.6 million Hong Kong dollars within six months, leading to a report to the police for help.
The police remind the public not to easily trust "guaranteed profit" investments and so-called "loss recovery" services to prevent being victims of successive scams.
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