Hong Kong crypto romance scam costs woman $3.3M

A Hong Kong woman reportedly lost around $3.3 million after an online romantic partner directed her to a fraudulent cryptocurrency investment platform. Summary 25 romance-linked investment scams were reported in Hong Kong between July 24 and 30. Combined losses from the cases approached nearly $9 million, according to local police statistics. One victim saw supposed returns of more than 800% before the platform blocked withdrawals. Hong Kong also recorded a 92.1% rise in online employment scams during early 2025. Crypto romance scams cost victims nearly $9M Hong Kong authorities recorded 25 investment fraud cases involving online romantic relationships during the week ending July 30, according to police statistics cited by Binance Square News. The reported losses totaled nearly HK$70 million, or roughly $9 million. One case accounted for more than a third of that amount. A 50-year-old insurance professional reportedly met a person online who presented himself as a car dealer. After establishing a romantic relationship, the person persuaded her to invest in virtual currencies through an unfamiliar platform. The victim continued transferring money after the platform displayed rising ...