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.