Security· ★★· bearish·

Hong Kong police arrest six over HK$14m agarwood and crypto scam that ran nine years

  • —Six people arrested in connection with the fraud
  • —Scheme posed as agarwood and crypto investments for nine years
  • —Victims' losses estimated at HK$14 million
Why it matters: The case highlights how long-running investment schemes with a crypto angle continue to target retail investors in Asia.
Source: Google News (crypto query)