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Hong Kong Woman Loses Her Life Savings in a Crypto Scam (Report)

A 55-year-old resident of Hong Kong has reportedly fallen victim to an online cryptocurrency investment scam and lost her entire savings worth nearly HK$7 million (almost $900,000). Data from 2022 showed there had been more than 10,000 cyber attacks in Hong Kong between the beginning of January last year and the end of June. 798 of them were crypto-related schemes that drained around $50 million from investors. In comparison, such crime accounted for $21 million of losses in H1, 2021.

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