Duo Arrested Over HK$98mn Crypto Scam
"); jQuery("#212 h3").html("
"); });
2022-12-23 HKT 20:40
Share this story
Two men have been arrested over a cryptocurrency scam totalling HK$98 million.
Police said the duo connected to crypto exchange AAX are suspected to have falsely claimed in November that the exchange was under maintenance in order to stop clients from withdrawing assets.
The force said clients of AAX cannot even log on to their accounts now, and the company's office in the territory has shut.
Police said they have received 337 reports from alleged victims in Hong Kong and other parts of the world since last month.
Officers said they believe the mastermind behind the offence has fled the city with around US$30 million in cryptocurrency.
The force said it would investigate the movement of the capital, adding they have frozen HK$2 million in the bank accounts of the company and relevant people.
HashKey Lists On Hong Kong Exchange
HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more
North Korea Linked To Over Half Of 2025 Crypto Heist Losses
TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more
South Korea Forms Task Force After Coupang Data Breach
The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more