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Hong Kong Fun Coffee crypto scam complaints rise to 255, losses hit HK$104 million

Hong Kong Fun Coffee crypto scam complaints rise to 255, losses hit HK$104 million

Police said they will contact victims and other people tied to Fun Coffee promotional events as complaints in Hong Kong reach 255 and reported losses climb to HK$104 million.

Fact Check
Multiple independent sources confirm the core claim. HK01, citing Hong Kong police figures as of Wednesday Aug 5, 2026, reports 255 complaints and about HK$104 million in losses. Cryptopolitan and crypto.news both state HK$104 million across 255 complaints. SCMP confirms HK$104 million losses and the widening probe (though it lists 225 complaints, likely a transcription error). All sources describe the Ponzi mechanism of using new investor funds to pay earlier participants, and the parallel Macau investigation, matching every element of the claim.
Summary

Complaints tied to the virtual-asset "Fun Coffee" case in Hong Kong stood at 255 by Aug. 5, with reported losses rising to about HK$104 million after 30 additional reports were filed from the previous police tally. Macau's Judiciary Police arrested two women in connection with nine cases involving about MOP3.6 million, extending the cross-border probe. Investigators have said Fun Coffee followed a Ponzi-scheme model, using new investor money to pay earlier participants before the app stopped working and withdrawals halted on July 20. Hong Kong police also said they will contact victims and other related people, including those linked to promotional events hosted by TVB artists, as they work to identify the mastermind and each person's role in the case.

Terms & Concepts
  • virtual-asset: A digital asset used for trading, payments or investment, including tokens held on crypto platforms.
  • Ponzi scheme: A fraud in which money from newer participants is used to pay returns to earlier ones instead of coming from real business activity.