Hong Kong woman loses HK$21.5 million in cryptocurrency scam
Por Danny Mok — South China Morning Post – News feed
Advertisement Crime in Hong Kong Hong Kong Law and Crime Hong Kong woman loses HK$21.5 million in cryptocurrency scam
Clerk, 60, was duped by a fraudster posing as an investment expert she met online
1 -MIN READ 1 -MIN Listen
Danny Mok Published: 8:04pm, 4 Oct 2026 Updated: 8:10pm, 4 Oct 2026
A 60-year-old Hong Kong woman has lost more than HK$21 million (US$2.7 million) in a cryptocurrency scam after a fraudster posing as an investment expert she met online duped her.
The clerk reported the case to police on Saturday, saying she had befriended an individual claiming to be an investment specialist on “Baby Kingdom”, a popular online parenting forum and community website, on March 15 this year, a source said.
The fraudster duped her into investing on a fake cryptocurrency platform that promised high returns. Believing the pitch, she remitted HK$19 million to the fake website.
00:53 Hongkonger tries to sell HK$100 rug on Carousell, gets scammed out of HK$4 million
Subsequently, an accomplice posing as a platform compliance officer contacted her, claiming that her account had been involved in money laundering and demanding funds to clear her name.
Acting on the instructions, the victim transferred an additional HK$1.2 million.
Select Voice Select Speed 0.8x 0.9x 1.0x 1.1x 1.2x 1.5x 1.75x 00:00 00:00 1x AI-generated voice
