Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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A 75-year-old man in Hong Kong fell into an ETH investment scam, losing about HK$26.2 million
4hours ago

Odaily Planet Daily reports that Hong Kong police received a report from a 75-year-old local man who claimed to have received a call from someone claiming to be a virtual currency investment expert, who offered him high returns and persuaded him to invest in the virtual currency ETH. The victim subsequently deposited approximately HK$26.2 million worth of virtual currency into six accounts on 19 separate occasions between July 11 and September 9. Hong Kong police stated that the case has been classified as obtaining property by deception and is being handled by the Wan Chai District Criminal Investigation Team 9. No arrests have been made yet. ( Hong Kong media, Oriental Daily )