According to a report from Hong Kong's Wen Wei Po, Hong Kong police have disclosed a cryptocurrency fraud case involving a 66-year-old retiree who fell victim to a "virtual currency investment expert" scam three times starting in September 2025. After losing 1.4 million Hong Kong dollars in the first fraud, the victim paid 600,000 Hong Kong dollars as a deposit to another "expert" in an attempt to recover the losses. The victim was subsequently lured into purchasing virtual currency worth 4.6 million Hong Kong dollars and transferred it to a designated account. The scammers disappeared after receiving the payments. Within six months, the victim accumulated total losses of 6.6 million Hong Kong dollars before finally reporting the case to police. Police warn the public against trusting "guaranteed profit" investments and so-called "recovery of losses" services to prevent falling victim to cascading fraud schemes.