Hong Kong crypto scam losses exceed HK$104M
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- Hong Kong police said losses from the “Fun Coffee” crypto investment scam have exceeded HK$104 million.
- More than 200 victims were reportedly affected after being promised returns through cryptocurrency investments.
- Authorities are investigating the scheme and warning the public about investment fraud involving digital assets.
Hong Kong police said losses from the “Fun Coffee” crypto investment scam have exceeded HK$104 million.
The investigation involves more than 200 victims who were allegedly persuaded to invest in cryptocurrency through the scheme.
Police said the operation allegedly used investment promises and social connections to attract victims.
Authorities are investigating the case and tracing the movement of funds linked to the alleged scam.
Hong Kong has been strengthening oversight of cryptocurrency activities as investment fraud cases increase.
The case highlights the growing use of digital assets in investment scams across the region.
