Two Hong Kong victims lost a total of HK$37.6 million or USD $4.8 million after falling for crypto investment scams.

In 2025, Hong Kong Police documented 5,135 online investment fraud incidents. This showed a 30.7% rise compared to 2024. Scammers reached about 80.4 percent of victims via social media platforms or messaging apps before the attack.

Hong Kong woman loses $3.955 million to crypto romance scam

According to local news outlets, a woman in her 50s lost a staggering HK $31 million or USD $3.955 million in a crypto romance scam.

The crypto romance scam started with a rental question. A scammer pretending to be a potential tenant contacted the woman who is a property owner after she posted a rental ad online.

The conversation…