Hong Kong police investigate a 21.4 million HKD virtual currency fraud case, no arrests made yet

Odaily News Hong Kong police have received a report where the victim claimed to have been invited to invest in virtual currency through a trading platform. Between August and December last year, the victim invested virtual currency worth approximately 21.4 million HKD but was later unable to withdraw funds, suspecting fraud. It is reported that the Hong Kong police have initiated an investigation through the Fifth Team of the Criminal Investigation Division of the Tseung Kwan O District and have classified the case as "obtaining property by deception." So far, no arrests have been made. Authorities also remind the public to be cautious of any investment projects claiming high returns and not to easily believe in insider information disseminated on social media platforms. Before investing in virtual products, one should fully understand the characteristics of the relevant products and information security risks. (Hong Kong Wen Wei Po)