Hong Kong police: In 2025, a total of 12,505 online shopping fraud cases were reported, with the largest case involving cryptocurrency losses exceeding 3.7 million Hong Kong dollars
The Hong Kong police announced that in 2025, they received a total of 12,505 online shopping fraud cases, an increase of 8.2% compared to 2024. The online shopping fraud case with the largest single loss amount involved cryptocurrency transactions. The victim joined a Telegram cryptocurrency trading group and received a private chat from a member impersonating Bittwatt (BWT) customer service, requesting a "verification code" as a group entry verification. Subsequently, the fraudster transferred all virtual assets from the victim's cryptocurrency wallet connected to Telegram, resulting in a total loss of over HKD 3.7 million.
The police remind that when shopping online, one should contact customer service through official channels. Regardless of the form of transfer, it is essential to verify authenticity before making any payments and to carefully check payment information. Do not click on unknown or suspicious links.
You may also like
340 billion valuation: Li Yanhong's largest IPO, a seat in Kunlunxin's shares is hard to come by
Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play
Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip
Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed
Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions
A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI
When American giants collectively "defect" from Chinese AI models
BIS Report Compliance Observation: The Real Risks of Stablecoins, Not Just "Depegging"
Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected
Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.
