Hong Kong Police Forms New Work Group To Fight Against Illegal Trading Activi...

Hong Kong police have arrested a man accused of stealing $191,085 from a cryptocurrency trader in what turned out to be a bogus transaction. No funds were recovered at the time of the suspect’s arrest and investigations are ongoing to determine if the man had accomplices. No Funds Recovered Hong Kong police recently arrested a 24-year-old conman accused of vanishing with a crypto trader’s $191,085 (HK$1.5 million). The con artist now faces a possible ten-year jail term if convicted, a report has said. According to a South China Morning Post report that....

Five clients reportedly filed police complaints after token withdrawals were apparently halted, leaving them unable to reclaim around $55,000 in cryptocurrency and fiat. A cryptocurrency exchange in Hong Kong has reportedly stopped all withdrawal requests, according to reports. Coinsuper is the sole crypto firm in China that is licensed by the government, and was founded by a former senior UBS Group AG executive in November 2017.The report by Bloomberg suggests that customers of the bourse have been unable to withdraw funds since late November, based on a review of messages on the....

The Hong Kong Police Force has raised awareness after 11 Binance customers fell victim to text message phishing scams. According to a Facebook post by CyberDefender, under the state’s police, fraudsters posed as Binance and sent malicious messages to users.  Due to the seeming authenticity of the source, the bad actors successfully fleeced users of their […]

A gang of four robbers has reportedly stolen about $450,000 from a crypto trader in Hong Kong. Robbers posing as cryptocurrency buyers have stolen about 3.5 million Hong Kong dollars ($450,000) from a woman in Hong Kong.According to a report by the South China Morning Post on Tuesday, the Hong Kong police are currently conducting a manhunt for the gang.A spokesperson for the police revealed that the group operated by having one member complete multiple transactions with the victim, presumably to win the target’s trust. Indeed, an investigation into the matter showed three previous deals....

Hong Kong's police force continues to investigate HKCex after a customer lodged a report of fraudulent activity in May, claiming he was unable to withdraw 16.5 BTC from the cryptocurrency exchange. The customer, Dominic Rivers, told CoinDesk he then made a statement to the Hong Kong police's Criminal Investigation Department (CID) on 3rd June, explaining: "I hope [the police] track these guys down. I hope an example is made of them and I hope I get my money back." According to the case's investigating officer, however, progress has been slow. The officer said he had written to MG Foreign....