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Mainland Man Loses 500,000 Yuan in Cryptocurrency Investment, Intercepted by Hong Kong Authorities on May 14

GateNews

Exchange Risk Security Incidents

2026-05-16 03:16:28

According to Hong Kong media outlet Oriental Daily, a 34-year-old mainland man reported on May 14 that he planned to travel to Hong Kong to end his life after losing approximately 500,000 yuan on a cryptocurrency trading platform and exhausting complaint channels with the platform. Authorities intercepted him at a fast food restaurant later that day and discovered a lighter and suspected gasoline in his possession. He was arrested on suspicion of “possessing items with intent to damage property” and remains under investigation. No injuries were reported.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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