Hong Kong police recently conducted Operation "Sovereign" from March 10 to 19 in the Yau Tsim District, targeting a large-scale fraud and money laundering network. Authorities successfully cracked 45 cases, arresting 54 suspects, with total financial damages reaching HKD 194 million.
One of the biggest scams involved an online crypto investment fraud, where a foreign victim was tricked into investing and transferring HKD 72 million into a fraudulent account. After investigations, police apprehended two individuals, aged 30 and 34, believed to be key players in the scheme.
This case highlights the growing risks in crypto-related scams, reinforcing the need for caution while investing in digital assets. Always verify investment opportunities and avoid transferring funds to unverified accounts or platforms. 🚀