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Hong Kong Fun Coffee crypto scam losses top HK$104M

Hong Kong Fun Coffee crypto scam losses top HK$104M

Hong Kong police have received 255 reports linked to the alleged Fun Coffee cryptocurrency investment scam, pushing total reported losses to about HK$104 million as investigators continue making arrests and expanding the probe.

Summary

  • Hong Kong police have received 255 reports linked to the Fun Coffee crypto investment scam with losses reaching HK$104 million.
  • Authorities say the platform promised annual returns of up to 278% through USDT based investment plans before withdrawals stopped.
  • Six people have been arrested in Hong Kong while Macau police detained two suspects in a related investigation.
  • Police are contacting victims and people linked to Fun Coffee promotional…

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