Hong Kong lawmaker fears Fun Coffee crypto scam duped over 1,000 as losses mount

A Hong Kong lawmaker has warned that an unfolding crypto scam run by a coffee investment venture based in Vietnam could involve more than 1,000 victims, as an investor reported losses of HK$14 million (US$1.73 million) across her team. The warning came as police said that total reported losses tied to the syndicate ope

The police said the woman contacted the number on May 25 and spoke to an unidentified person, who, after learning about her financial hardships, claimed that his employer based in Dubai would provide her with free rice and transfer ₹8 lakh to her bank account. | Photo Credit: Getty Images/iStockphoto A 52-year-old dome

According to the police, the victim was initially added to a group by fraudsters posing as representatives of a digital marketing company.