A man in his 70s sent USDT and ETH to scammer wallets over three months, while police logged over 40 similar cases in a single week
A man in his 70s in Hong Kong lost nearly HK$18 million to a fake investment group, Hong Kong police revealed on November 13, 2026.
The case is the largest individual loss reported in the latest wave of online investment fraud. Police also recorded over 40 similar scams in a single week, with combined losses of nearly HK$50 million.
How a YouTube ad turned into an HK$18 million loss
The victim first came across an investment advertisement on YouTube in June 2026.
After he responded, the scammers presented themselves as investment consultants. They then added him to a WhatsApp…
