Hong Kong police investigate a virtual currency scam involving HKD 21.4 million, no arrests made yet.

Odaily Planet Daily News: Hong Kong police received a report from a victim claiming to have been invited to invest in virtual currency through a trading platform. Between August and December of last year, the victim invested approximately HKD 21.4 million in virtual currency but was later unable to withdraw funds, suspected to be a scam. It is reported that the Hong Kong police have initiated an investigation by the Fifth Team of the Criminal Investigation Unit of the Tseung Koon Police District and have classified the case as “obtaining property by deception.” No arrests have been made so far. Meanwhile, it is advised to be cautious of any investment projects claiming high returns, and not to trust insider information circulated on social platforms. Before investing in virtual products, one should fully understand the product features and information security risks. (Hong Kong Wen Wei Po)