Hong Kong records 25 online romance scam cases in a single week: A woman in her 50s lured into investing in cryptocurrency loses over HK$26 million

Odaily News: According to statistics from Hong Kong law enforcement authorities, a total of 25 investment fraud cases involving online romance were reported between July 24 and 30, with total losses approaching HK$70 million. In one major case, a female insurance practitioner in her 50s was lured by an online romantic partner claiming to be a "car dealer" into investing in cryptocurrency. It was not until last month that the victim discovered the investment platform showed account returns exceeding 800%, but her withdrawal request was denied. Shortly after, the romantic partner and the so-called investment expert went missing simultaneously, and the victim ultimately confirmed she had been defrauded of cumulative losses exceeding HK$26 million.Police remind investors to be wary of individuals who build relationships through social platforms before recommending investment projects, especially those involving cryptocurrency, guaranteed high returns, or requiring transactions through unfamiliar platforms. Do not relax your financial security vigilance due to emotions or trust. (Oriental Daily News)