Hong Kong Police Disclose Virtual Currency Fraud Case, Retiree Deceived by "Expert" Loses 6.6 Million Hong Kong Dollars Over Six Months

MarsBitNews · 2026-03-21T11:13:03+00:00

Hong Kong police disclosed a virtual currency fraud case in which a 66-year-old retiree fell victim to an expert scam, suffering a cumulative loss of HK$6.6 million. Police urged the public to be vigilant against "guaranteed profit" investments and "recovery of losses" services to prevent fraud.

MarsBitNews

2026-03-21 11:13:03

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Mars Finance News: According to Hong Kong Wen Wei Po, the Hong Kong Police Cyber Crime Unit “Cyber Guardians” disclosed a virtual currency scam case. A 66-year-old retiree was deceived three times starting from September 2025 by a “virtual currency investment expert” scam. After losing HKD 1.4 million in the first incident, the victim paid an additional HKD 600,000 as a guarantee to another “expert” to recover the loss. Subsequently, they were persuaded to purchase virtual currencies worth HKD 4.6 million and transfer them to a designated account. The scammers disappeared after receiving the funds. Within six months, the victim lost a total of HKD 6.6 million and finally reported the case to the police. Authorities remind the public not to trust “guaranteed” investments or so-called “loss recovery” services to avoid falling into chain scams.

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