Hong Kong Woman Loses About HK$21.5 Million in Crypto Investment Scam

A 60-year-old woman in Hong Kong reported that she was deceived by someone she met on an online platform who claimed to be an investment expert and was later induced to invest in cryptocurrency through a fake website. According to ChainCatcher, she transferred a total of about HK$21.5 million to designated investment accounts multiple times between April 14 and September 22.The platform later asked her to pay a deposit to prove the investment account had not been used for money laundering. Police have preliminarily classified the case as obtaining property by deception. The case is being handled by the Fourth Team of the Criminal Investigation Unit of the Sau Mau Ping District, and no arrests have been made.