Hong Kong Woman Loses Over 4 Million HKD in Crypto Scam
The post Hong Kong Woman Loses Over 4 Million HKD in Crypto Scam appeared on BitcoinEthereumNews.com.
Key Points: A Hong Kong woman lost over 4 million HKD in a crypto scam. Scam involved Telegram “customer service” impersonators. Authorities urge use of official channels only for support. A woman in Hong Kong with over a decade of cryptocurrency investment experience lost upward of 4 million HKD due to a scam involving false “customer service” interactions on Telegram. This incident highlights ongoing risks in the region’s virtual asset sector. The scam incident underscores the persistent vulnerability of investors to fake customer service channels, which perpetuate significant financial losses. Despite the victim’s experience, she was manipulated by schemes exploiting unofficial communication platforms. 4 Million HKD Lost: Highlights of the Crypto Scam The Hong Kong woman with over 10 years of investment experience fell victim to a scam, resulting in a loss exceeding 4 million HKD. After failing to receive a discount on a virtual asset platform, she sought assistance through Telegram. Upon contacting an account she believed was official, she followed instructions that led to her funds being transferred out. Subsequently, contacting a second impersonator further depleted her assets. Immediate implications highlight the need for vigilance against scams on non-official channels, especially when platform communications lag. Authorities emphasize using verified routes and refraining from sharing sensitive information. “The Hong Kong Monetary Authority (HKMA) wishes to remind members of the public to be cautious about certain overseas crypto firms, which are not licensed banks in Hong Kong… Such acts may constitute a contravention of the Banking Ordinance.” — Hong Kong Monetary Authority (HKMA), Regulatory Body Global Financial Market Concerns and Regulatory Responses Did you know? Previous scams in Hong Kong, like the 2023 Hounax case, resulted in HK$120 million losses, showcasing ongoing risks from unofficial customer service claims. Market responses include continued warnings from the Hong Kong Monetary Authority against…
Filed under: News - @ July 19, 2025 10:18 am