Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (POL)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)
Make crypto bots for trading

Fraudsters stole $2.1 million from a Hong Kong financial manager

Market and Events: Fraudsters stole $2.1 million from a Hong Kong financial manager

A Hong Kong-based CFO has faced financial losses of HK$17.8 million (US$2.1 million) in a fraudulent cryptocurrency scheme. According to local media reports, the 57-year-old woman invested in gold and digital currencies through a fraudulent platform.

Investigative journalists revealed that in March 2023, the victim received a message from a man who introduced himself as a former business partner from Singapore. The victim subsequently engaged in a conversation with the fraudster, who got her to transfer funds to a non-existent platform for investing in #gold and cryptocurrency.

The victim's initial profits amounted to approximately $330,000 from investments purportedly acquired over a three-month period through just ten transactions. These profits were falsely represented to mislead the victim about the legitimacy of the platform. Moreover, the scammers used these returns as bait to induce the victim to invest further, as revealed by an undisclosed source.

The realization of the scam came when the victim attempted to withdraw the funds but was unexpectedly required to pay an "administration fee" of about $130,000. A police report was then filed to deal with the fraudulent activity.

The funds were reportedly diverted to nine bank accounts that had previously been linked to the fraudulent activity. The incident sheds light on the surge in cryptocurrency transactions in #Hong Kong, nearly tripling since 2021, signaling a growing trend of investment in #digital assets in the region.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Press Releases: MEXC Joins Forces with Falcon Finance to Launch USDf Campaign with $1 Million Prize Pool
MEXC, a leading global cryptocurrency exchange, has announced a collaboration with Falcon Finance to launch a USDf campaign featuring a total prize pool of $1 million. The campaign runs..
Press Releases: MEXC Unveils Futures Earn to Enable Passive Income from Futures Trading
MEXC, a leading global cryptocurrency exchange, has officially launched its new Futures Earn product, offering annualized returns of up to 15%.
Press Releases: NorthDirect.com Review: How It Balances Platform, Support, and Learning
Investing in 2025 feels different, faster and more demanding. Investors want more than just access to the market. They want clarity, variety, and tools that actually fit the way they trade..
Press Releases: MEXC Copy Trade Showdown Concludes with $6.6 Billion in Trading Volume
MEXC, a leading global cryptocurrency exchange, announced the conclusion of its Copy Trade Showdown, which generated over $6.6 billion in trading volume, demonstrating strong user trust and..
⁝⁝⁝

Trending news

  • Artificial Intelligence (AI)
  • Altcoins
  • Bitcoin
  • DeFi
  • Ethereum
  • show more