The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Hong Kong Police Publish Details of USDT Fraud Case in Effort to Raise Public Awareness of Crypto Scams ? ethereum today news bitcoin and crypto altcoins blockchain

News Snapshot:

Police in Hong Kong have begun publishing details of crypto fraud cases – in the hope that the public will take valuable lessons from cases that have seen people lose thousands of dollars to crypto villains. Per Takungpao, the move is part of the Eastern District police force’s “Operation Shield” program – a drive aimed at “raising awareness of fraud and fraud prevention.” Officers stated that fraud cases are on the rise in Hong Kong, with crypto scams a particularly fast-growing trend. The police stated that, on average, fraudsters claim a cumulative USD 2.5m per day from Hong Kong-based victims….

Other China Tech Buzz: