Authorities report multiple victims in Macau and Hong Kong falling prey to crypto scams that demanded advance fees before cutting contact.
A woman in Macau lost 1.18 million yuan between September and December in a suspected cryptocurrency investment scam. She was promised large profits but was asked to pay additional fees before losing contact with the platform’s staff. In a separate case, an elderly man in Hong Kong lost HK$80,000 under similar circumstances, with victims being enticed into paying upfront costs for promised returns before communication ceased.