A woman from Hong Kong lost $2.1 million due to Crypto Fraud

A financial manager from Hong Kong lost 17.8 million Hong Kong dollars ($2.1 million) as a result of a crypto scam. A 57-year-old woman invested in gold and cryptocurrencies through a fraudulent platform. This is reported by local media.

The journalists learned that back in March 2023, the victim received a message from a man who claimed to be from Singapore and had previously been a business partner of the woman. Later, the victim began to communicate with the scammer and he tricked him into transferring funds to a fictitious platform in order to invest in gold and cryptocurrency.

The report says that in the beginning, the victim allegedly managed to earn about $330,000 thanks to investments. It is known that she allegedly received this amount in three months, having made only 10 transactions.

"The profits were forged to deceive the victim and make them believe that this is a legitimate trading platform. The scammers also used it as bait to encourage her to invest more money," the insider said.

The woman realized that she had been deceived when she tried to withdraw funds from the platform, but she was asked to pay about $130,000 of an "administrative fee." After that, she filed a police report.

According to journalists, nine bank accounts to which the woman sent funds were used for fraud earlier.

Source: https://incrypted.com/zhenshina-iz-gonkonga-poteryala-2-1-mln-iz-za-kriptomoshennichestva/