According to a report by Hong Kong media Wen Wei Po,  the Hong Kong police stated that they received over 3,400 cases related to cryptocurrency last year, with losses exceeding 4.3 billion yuan. In the first ten months of this year, there were more than 2,100 cases, with losses exceeding 3.1 billion yuan. In these related cases, the highest single loss was about 1.6 billion yuan. Legislative Council member Wu Jiezhuang, who represents the Election Committee, said that in addition to strengthening supervision and promoting education, the Hong Kong government should also encourage citizens to have a better understanding of cryptocurrency, to understand investment risks, avoid being greedy, choose licensed trading platforms when investing, and invest within their means.