Hong Kong police: In 2025, a total of 12,505 online shopping fraud cases were reported, with the largest case involving cryptocurrency losses exceeding 3.7 million Hong Kong dollars
By: www.chaincatcher.com|2026/03/01 10:45:11
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The Hong Kong police announced that in 2025, they received a total of 12,505 online shopping fraud cases, an increase of 8.2% compared to 2024. The online shopping fraud case with the largest single loss amount involved cryptocurrency transactions. The victim joined a Telegram cryptocurrency trading group and received a private chat from a member impersonating Bittwatt (BWT) customer service, requesting a "verification code" as a group entry verification. Subsequently, the fraudster transferred all virtual assets from the victim's cryptocurrency wallet connected to Telegram, resulting in a total loss of over HKD 3.7 million.
The police remind that when shopping online, one should contact customer service through official channels. Regardless of the form of transfer, it is essential to verify authenticity before making any payments and to carefully check payment information. Do not click on unknown or suspicious links.
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