A man in his seventies was scammed out of approximately HK$18 million in cryptocurrency.
According to HK01, a man in his seventies in Hong Kong saw an investment ad on YouTube this June and left his contact details. Someone claiming to be an investment advisor added him to a WhatsApp group. Two months later, they recommended a fake platform promising higher returns. From August to October, he followed their instructions and made multiple transfers of USDT and ETH, worth more than HK$18 million, to a designated wallet. He withdrew about HK$800,000 worth of USDT, but subsequent withdrawal requests were rejected.
· Law enforcement received more than 40 reports of investment scams over the past week, with total losses of nearly HK$50 million.
· After the man withdrew HK$800,000, his subsequent withdrawal requests were rejected. The fact that a small withdrawal succeeds does not mean the platform can process withdrawals normally.
If a platform asks you to transfer cryptocurrency to an unfamiliar wallet, what would you check before proceeding?
$ETH
According to HK01, a man in his seventies in Hong Kong saw an investment ad on YouTube this June and left his contact details. Someone claiming to be an investment advisor added him to a WhatsApp group. Two months later, they recommended a fake platform promising higher returns. From August to October, he followed their instructions and made multiple transfers of USDT and ETH, worth more than HK$18 million, to a designated wallet. He withdrew about HK$800,000 worth of USDT, but subsequent withdrawal requests were rejected.
· Law enforcement received more than 40 reports of investment scams over the past week, with total losses of nearly HK$50 million.
· After the man withdrew HK$800,000, his subsequent withdrawal requests were rejected. The fact that a small withdrawal succeeds does not mean the platform can process withdrawals normally.
If a platform asks you to transfer cryptocurrency to an unfamiliar wallet, what would you check before proceeding?
$ETH
