Hong Kong retiree loses over HK$4.5 million to fake-tenant crypto scam
- —Hong Kong police logged over 50 investment scams in a week, with losses above HK$30 million
- —The victim made 20 USDT purchases at physical exchange shops and transferred them to the scammer's wallet
- —Scammers demanded about HK$7 million in supposed taxes before allowing a withdrawal
- —The retiree's total loss exceeded HK$4.5 million
Why it matters: Buying USDT at physical exchange shops and sending it to third-party wallets remains a common fraud channel across Asia.
Source: PANews