According to Ming Pao, the Hong Kong police announced that in the first half of 2026, a total of 20,613 fraud cases were recorded in Hong Kong, involving losses of approximately HK$3.5 billion. Among them, there were 2,151 investment fraud cases, accounting for about one-tenth of the total cases, with losses amounting to approximately HK$1.65 billion. The largest single loss case involved cryptocurrency, where the victim transferred crypto assets worth about HK$84.79 million to electronic wallets designated by scammers. The victim later discovered the scam after being unable to withdraw the so-called investment returns. The Hong Kong police also provided an update on the JPEX case, stating that they have received reports from approximately 2,800 victims, involving over HK$1.6 billion. Since 2023, a total of 81 individuals have been arrested, with 29 of them already prosecuted for charges including conspiracy to defraud, money laundering, and obstruction of justice. https://(wublock123.com)/news/hong-kong-investment-scam-165-billion-hkd-66580