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2026-08-01 03:42:38 UTC

Blockchain Report on Nostr: A Hong Kong insurance professional lost over HK$26 million in a sophisticated virtual ...

A Hong Kong insurance professional lost over HK$26 million in a sophisticated virtual currency scam. She developed an online relationship with a man who convinced her to invest in virtual currency via a fraudulent platform. Over six months, she transferred over HK$4 million in cash and HK$22 million to shell accounts. She saw an alleged 800% profit but was denied withdrawals when the perpetrator and "experts" vanished. This is part of a larger trend: HK law enforcement reported 25 romance-based investment fraud cases in one week, with total losses nearing HK$70 million.

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