Hong Kong Man Loses HK$26.2 Million in Ethereum Investment Scam

2025-09-20 09:34

Hong Kong police are investigating a significant Ethereum investment fraud case involving a 75-year-old local man who lost HK$26.2 million. The victim was reportedly contacted by an individual posing as a virtual currency investment expert, promising high returns. Over a period from July 11th to September 9th, the victim transferred the funds into six different accounts across 19 transactions. The case has been classified as obtaining property by deception and is currently under investigation by the Wan Chai District Criminal Investigation Team 9. No arrests have been made at this time.

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