Hong Kong Retiree Loses $840K in Triple Crypto Scam
Published on March 21, 2026.
A 66-year-old Hong Kong retiree lost 6.6 million Hong Kong dollars (roughly $840,000) in three related crypto investment scams. The victim was approached by a scammer claiming to be a virtual currency investment expert and promising steady gains if he followed his advice. The retiree transferred $180,000 and deposited crypto into a wallet controlled by the scammer, only to see him disappear, leading to the filing of a police report. A third scammer contacted the victim on WhatsApp offering to reclaim both prior losses if the victim bought $585,000 in crypto and sent it to a specified address. The CyberDefender team warned that genuine professionals do not rely on random outreach and that phrases such as "guaranteed returns" and "inside information" are classic red flags.
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