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News Explorer — Hong Kong Accountant Loses $128K in Crypto From Instagram Scam

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Jul 14, 5:17 pm

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Hong Kong Accountant Loses $128K in Crypto From Instagram Scam

A female accountant in Hong Kong lost HK$1.28 million worth of cryptocurrency after being scammed by three men who operated a fake cryptocurrency shop. The victim visited the shop after seeing advertisements on Instagram offering lucrative exchange rates. She exchanged her crypto for a bundle of counterfeit banknotes and later realized that most of the cash was fake. The police have arrested two individuals involved in the scam and are currently searching for the third suspect.

A female accountant in Hong Kong lost HK$1.28 million worth of cryptocurrency after being scammed by three men who operated a fake cryptocurrency shop. The victim visited the shop after seeing advertisements on Instagram offering lucrative exchange rates. She exchanged her crypto for a bundle of counterfeit banknotes and later realized that most of the cash was fake. The police have arrested two individuals involved in the scam and are currently searching for the third suspect.

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