The Commercial Crime Bureau of the Hong Kong Police Force said that in the first four months of this year, a total of 1,174 investment fraud cases were recorded, involving a total amount of 786 million yuan. The victims were aged between 14 and 86 years old, and the highest amount involved in a single case was 27.3 million yuan. Among all types of investment fraud cases, Wu Zhenyao said that the fraud cases involving cryptocurrencies accounted for the most, accounting for 57%, involving an amount of 420 million yuan; stock fraud cases accounted for 20%, involving an amount of 120 million yuan, and the relevant amount increased by 6.6 times year-on-year. Foreign exchange fraud cases accounted for 3%. He said that the methods of the scammers are mostly similar. They contact the victims on online dating platforms, discussion forums, etc., and after gaining their trust, they use "low risk and high return" as bait to lure them to download fake investment platform applications and instruct them to inject the investment principal into local personal banks to increase the value of their investment accounts.

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