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

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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