Hong Kong police have reported that a local insurance agent lost more than HK$26 million ($3.3 million) after falling victim to an online romance investment scam involving a fraudulent digital asset app.

According to an August 30 “Cyber Defender” Facebook post from the Hong Kong Police, the authorities received 25 investment scam cases involving online dating over the past week, with total losses approaching HK$70 million ($8.9 million).

The single biggest loss was suffered by a…