Foresight News|Apr 13, 2026 04:59
[Hong Kong Woman Falls Victim to Crypto Pig-Butchering Scam, Losing Over HK$2 Million]
Foresight News reports, according to Aastocks Financial News, Hong Kong police stated on the 'CyberDefender' platform that a Hong Kong woman fell victim to a crypto pig-butchering scam, losing over HK$2 million. The scammer actively followed a woman in her fifties on Instagram and initiated contact through comments, quickly establishing a romantic relationship by showing care and concern. Claiming to be a 'crypto investment expert,' the scammer lured her into the trap. Initially, the scammer persuaded the victim to transfer HK$40,000 as a fee to open an account on an investment website. Later, the victim was instructed to exchange cash for USDT at a physical exchange store in seven separate transactions and transfer the USDT to the scammer via an electronic wallet. Once the funds were secured, the scammer disappeared.
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