Hong Kong police cracked down on a criminal gang that used counterfeit banknotes to defraud cryptocurrencies, including a 14-year-old teenager

Odaily News Hong Kong police cracked down on a gang suspected of using counterfeit banknotes to defraud victims of cryptocurrency, arresting four people, including a 14-year-old boy. Chief Inspector Lo Yuen-shan of the police force's Commercial Crime Bureau said on Sunday that the number of arrests in connection with such cases has reached 14, and these cases have caused a total loss of HK$11 million (US$1.4 million) since October last year. (SCMP)