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66-Year-Old Retired Man Scammed in 3 Cryptocurrency Fraud Cases

March 21, 2026Updated:March 21, 2026No Comments2 Mins Read
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66-Year-Old Retired Man Scammed in 3 Cryptocurrency Fraud Cases
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The Hong Kong Police Cyber Crime Bureau has issued a warning after a 66-year-old retired man fell sufferer to 3 separate cryptocurrency scams. 

Abstract

  • A Hong Kong senior loses HK$6.6M in three separate cryptocurrency scams.
  • Police warn in opposition to transferring cash or crypto to strangers to keep away from fraud.
  • Fraudsters impersonating specialists tricked the sufferer into dropping all his financial savings.

In whole, the aged sufferer misplaced HK$6.6 million after being misled by fraudsters posing as cryptocurrency specialists, in line with native stories.

In September 2025, the sufferer acquired a WhatsApp message from a fraudster claiming to be a cryptocurrency funding knowledgeable. The scammer promised assured income and provided to show the sufferer put money into cryptocurrencies. 

Trusting the person, the aged man handed over HK$1.4 million. After the cryptocurrency was deposited into the fraudster’s account, the scammer vanished. Realizing he had been deceived, the sufferer reported the incident to the police.

Not keen to surrender, the sufferer went on-line to hunt assist from one other “cryptocurrency knowledgeable” to get better his losses. The brand new fraudster reassured the sufferer that restoration was potential, however demanded 600,000 yuan as a deposit. As soon as the sufferer transferred the cash, the so-called knowledgeable disappeared as effectively, and the sufferer realized he had been scammed a second time.

In January of this 12 months, the sufferer was contacted by one other fraudster claiming to have the ability to get better his earlier losses. This time, the fraudster insisted that the sufferer buy 4.6 million yuan value of cryptocurrency and deposit it into a chosen account. As with the earlier scams, the fraudster disappeared after the sufferer complied. At this level, the aged man had misplaced his whole life financial savings to scammers.

Police Warning and Recommendation

The police are urging residents to be cautious and keep away from transferring cash or cryptocurrency to strangers. They emphasize that nobody can assure to get better losses, and any provide that guarantees assured returns or insider info is probably going a rip-off. If somebody presents to assist get better funds after a earlier rip-off, it’s probably a part of a serial fraud scheme.

Moreover, the FBI has issued a warning about pretend tokens on the Tron blockchain impersonating the company. Scammers are utilizing these pretend tokens to trick customers into offering private info underneath the false pretense that their wallets are underneath investigation.

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