TechFlow News - On March 21st, according to the Hong Kong Wen Wei Po, Hong Kong police's Cyber Crime Division "Cyber Protector" disclosed a virtual currency fraud case. A 66-year-old retiree was deceived three times by "virtual currency investment expert" scams starting from September 2025.

After being defrauded of 1.4 million Hong Kong dollars in the first incident, the victim attempted to recover losses by paying 600,000 Hong Kong dollars as a deposit to another "expert." Subsequently, the victim was induced to purchase virtual currency worth 4.6 million Hong Kong dollars and transfer it to a designated account. The scammers disappeared after receiving the funds. The victim accumulated losses of 6.6 million Hong Kong dollars within six months before finally reporting to the police for assistance. Police warn the public not to believe in "guaranteed profit" investments and so-called "recovery of losses" services to prevent falling victim to consecutive fraud schemes.