Hong Kong police said fraudsters posing as investment experts on Telegram persuaded a woman to transfer USDT and ETH worth about HK$7.7 million before failed withdrawals exposed the scam.
Hong Kong police disclosed a cryptocurrency investment scam in which a woman lost about HK$7.7 million after fraudsters posing as investment experts contacted her on Telegram. The victim was convinced to send USDT and ETH in 17 transfers to designated wallet addresses. She discovered the fraud after being unable to withdraw the purported investment funds.