A man in Hong Kong, China was defrauded of 1.6 million USDT by a counterfeit virtual currency exchange merchant, and the suspect is still at large According to BlockBeats, on June 12th, according to local media in Hong Kong, the Hong Kong police received a report on June 5th from a man who claimed to have been defrauded of 1.6 million USDT worth approximately 14 million Hong Kong dollars by a counterfeit exchange merchant while exchanging virtual currency earlier. After preliminary investigation, the police classified the case as "obtaining property by deception" and handed it over to the 10th Criminal Investigation Team of Mong Kok District for follow-up. No one has been arrested yet. The police remind citizens that obtaining property by deception is a serious crime, and once convicted, the maximum penalty can be 14 years in prison. [Original link]