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Hong Kong Crypto Scam: Chief Executive Impersonator Account Promotes Fake National Token

  • An X account impersonating Hong Kong’s Chief Executive, John Lee Ka-chiu, launched a fake national cryptocurrency on Solana’s token launchpad Pump.fun.
  • The account promoted the token to its followers and interacted with other accounts, allegedly thanking Barstool Sports founder Dave Portnoy for helping with the launch.
  • The Hong Kong government denied any links to the account and clarified that they were not launching a cryptocurrency.
  • Concerns were raised about the security of X's account verification, as it had been hacked before for promoting crypto scams.

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