A man in his 70s in Hong Kong lost nearly HK$18 million after joining a fake investment group advertised on YouTube. Between August and October 2026, he transferred more than HK$18 million in USDT and ETH to digital wallets controlled by the scammers. The group displayed fabricated trading profits and customer testimonials to gain his trust. The fraud was uncovered in October when his son intervened, by which time most of the funds had disappeared; he recovered only about HK$800,000 in USDT. Between November 6 and 13, 2026, police recorded more than 40 similar cases involving combined losses of nearly HK$50 million.
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