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Hong Kong police disclose a "cryptocurrency investment expert" scam case, where a woman in her fifties was approached and befriended by a scammer on Instagram, then lured into participating in a so-called "risk-free" crypto investment.
She initially paid about 40k HKD as an account opening fee and exchanged cash for Tether in 7 installments to transfer to the scammer's wallet.
Ultimately, she lost over 2 million HKD, and the scammer subsequently disappeared.
The police remind the public to be vigilant against emotional scams under the guise of crypto investments.