[Hong Kong Man in His 70s Loses Approximately HK$18 Million in Cryptocurrency Investment Scam] According to HK01, a Hong Kong man in his 70s saw an investment advertisement on YouTube in June and left his contact information. He was subsequently added to a WhatsApp group by someone claiming to be an investment advisor, and followed instructions from someone in the group claiming to be an investment assistant to purchase cryptocurrencies. Two months later, the other party recommended a fake investment platform to him, promising higher returns. Between August and October, the man repeatedly transferred over HK$18 million worth of USDT and ETH to a wallet designated by the other party. He initially withdrew approximately HK$800,000 in USDT, but subsequent withdrawals were refused, ultimately resulting in a loss of approximately HK$18 million. In the past week, law enforcement agencies have received reports of over 40 investment fraud cases, with total losses approaching HK$50 million.