Hong Kong Police Report Fake Crypto App Romance Scam Case: Single Case Loss Exceeds US$3.3 Million

TechFlow news, August 03, according to The Block, Hong Kong police stated that a local insurance practitioner fell victim to a fake cryptocurrency investment romance scam, with cumulative losses exceeding 26 million Hong Kong dollars, approximately 3.3 million US dollars. This case was the largest among 25 romance scam cases recorded locally between July 24 and July 30, with total losses from related cases during the same period approaching 70 million Hong Kong dollars, approximately 8.9 million US dollars. Police pointed out that the victim was induced to download a fake trading app and continuously transfer funds, and when attempting to withdraw funds, the request was rejected, after which the suspects lost contact.