TechFlow News: On January 24, according to a report by the Hong Kong Wen Wei Po newspaper, Hong Kong police received a report from a victim who claimed to have been invited to invest in virtual currencies via a trading platform. Between August and December last year, the victim invested approximately HK$21.4 million worth of virtual currencies but was subsequently unable to withdraw funds—raising suspicions of fraud. It is reported that the Hong Kong Police Force has launched an investigation through the Fifth Division of the Tseung Kwan O Police District’s Criminal Investigation Unit, classifying the case as “obtaining property by deception.” As of now, no arrests have been made. Authorities also warned the public against any investment schemes promising unusually high returns and urged people not to trust insider information circulated on social media platforms. Before investing in virtual products, individuals should thoroughly understand the relevant product features and cybersecurity risks.
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