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According to East Net reports, in the past week, Hong Kong received nearly 100 online investment scam cases, including a female victim who met a so-called "expert" through a second-hand furniture group and was lured to invest in Tether (USDT) on a fake website.
The victim followed the scammer's instructions, transferring funds over 60 times, moving money and virtual currencies to the scammer's account as investment principal.
It wasn't until the scammer refused to allow withdrawals that the victim realized they had been scammed, with total losses reaching HKD 5.2 million.
Law enforcement agencies remind the public that scammers operate everywhere, even infiltrating social groups related to furniture buying and selling.
Citizens should verify the credibility of platforms before investing online.