TechFlow News, April 13: According to financial news reported by AASTOCKS, Hong Kong Police’s “Cyber Guardian” social media platform revealed that a woman in her fifties was scammed on Instagram. A fraudster proactively followed and initiated contact with her. After quickly establishing a romantic relationship through seemingly caring conversations, the fraudster claimed to be a “cryptocurrency investment expert” and induced the victim to transfer HK$40,000 as a “processing fee” to open an account on an investment website. The fraudster then instructed her to visit physical cryptocurrency exchange shops seven times to convert cash into USDT, which she subsequently transferred to the fraudster via an e-wallet. Once the funds were received, the fraudster immediately cut off all contact. The victim suffered total losses exceeding HK$2 million.
The police urge the public to remain vigilant when making friends online and to pause and carefully consider any request for money transfers—regardless of the pretext offered.
