Cryptocurrency scams in Hong Kong for the first half of 2022 were reportedly up by 105% than in H1, 2021.
Cryptocurrency scams have reportedly been one of the most common cyber offenses in Hong Kong during the first half of 2022, and 25% involved digital assets.
Wrongdoers drained HK $387.9 million from Hong Kong-based digital asset firms and individuals – a significant surge compared to the $21 million stolen in H1, 2021. Shortly after, though, the wrongdoer advised Fan to transfer the accumulated profits to a dubious cryptocurrency wallet. Needless to say, she lost access to her assets while the scammer ceased communication with her.
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