A financial manager in Hong Kong lost 17.8 million HKD after investing in gold and cryptocurrencies through a fraudulent platform

ChainCatcher news, The Washington Post has learned that a financial manager in Hong Kong was scammed out of over HKD 17 million (USD 2,173,500) while investing in gold and cryptocurrencies through a fraudulent trading platform, after being lured by a bait of HKD 2.6 million in "profits."

Insiders said, "This amount was intended to deceive the victim into believing it was a legitimate trading platform and was used as bait to entice her into further trading and investing more funds."

The police stated, "The victim was tricked into transferring HKD 12.5 million to 29 bank accounts in Hong Kong for the purpose of investing in 45 transactions between May last year and February this year."