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Hong Kong Police Take Down $46 Million Romance Crypto Scam—Here’s How

  • Hong Kong authorities have dismantled a $46.3 million cryptocurrency-based romance fraud scheme.
  • 27 suspects have been arrested in connection with the scheme, which targeted victims through online romance scams.
  • The police seized cash, luxury watches, and other valuables, including a red Richard Mille watch worth $257,400 and a gold Rolex valued at approximately $38,600.
  • Authorities warn of the importance of caution when dealing with cryptocurrency investments, especially in online relationships or suspicious schemes.

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