Odaily星球日报

Odaily Planet Daily reported that Hong Kong police announced that in the first half of this year, Hong Kong recorded 20,613 cases of various types of fraud, involving total losses of about HK$3.5 billion. Of these, there were 2,151 investment fraud cases, accounting for roughly one-tenth of all fraud cases, but they caused losses as high as HK$1.66 billion. Among them, a single case involving an investment fraud scheme related to cryptocurrencies had losses of approximately HK$84 million. The victims were lured into investing and transferring cryptocurrencies into an electronic wallet provided by the other party, and ultimately discovered they had been scammed when they were unable to withdraw the assets.
Hong Kong police have also updated their progress on the JPEX virtual asset fraud case, which is still under investigation. There are currently about 2,800 victims, with estimated losses of approximately HK$1.6 billion. Since 2023, law enforcement authorities have arrested 81 people, including 29 charged with conspiracy to commit fraud, money laundering, and perverting the course of justice, among other offenses. (Ming Pao)