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Hong Kong’s Crypto Scam Losses in 2022 More Than Double From 2021: SCMP

Hong Kong police received 67% more scam reports related to cryptocurrencies in 2022, as the city looked to regain its status as a crypto hub, according to a report by South China Morning Post (SCMP) on Tuesday.

Losses from crypto scams in Hong Kong more than doubled from 2021 to HK$1.7 billion (US$216.6 million) in 2022, accounting for more than half of losses in computer-related crime.

Computer-related crimes – including cyber attacks and online scams – in Hong Kong rose from 16,159 in 2021 to 22,797 in 2022, according to InfoSec, an information security website by the Hong Kong government.

(By TOM ZUO)

Hong Kong
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