Crypto scandal in Hong Kong: 13 investors lost HK$14.8M due to fraud involving fake exchanges, two suspects arrested 💰

Thirteen investors in Hong Kong lost a total of HK$14.8 million in a crypto scam involving fake exchange shops in Kowloon West. The scammers lured victims with promises of better rates, gaining trust through initial successful transactions before trapping them. Among the victims, a businessman was locked inside a shop and forced to hand over HK$4 million. Police have arrested two suspects, but investigations continue as other culprits remain at large.