Hong Kong authorities have dismantled a HK$360 million ($46.3 million) cryptocurrency-based romance fraud scheme in a significant crackdown on fraud operations. This scheme, which targeted individuals over a year, reportedly lured victims into investing in cryptocurrencies under the guise of online romantic relationships. Detailing The Scheme And The Seizure The operation, codenamed “Secret Word,” culminated in the arrest of 27 suspects who allegedly masterminded the fraud and swindled unsuspecting individuals from Hong Kong and other countries, including India, Singapore, and Malaysia. The Hong Kong police deployed over 100 officers to investigate…
