Hong Kong and Macau Police Arrest 8 in Cross-Border 'Fun Coffee' Investment Scam Involving HK$94-100 Million
Authorities in Hong Kong and Macau conducted a joint operation arresting eight people connected to the 'Fun Coffee' cryptocurrency investment fraud scheme disguised as a Vietnam-based coffee business. The scam affected over 200 victims with losses totaling approximately HK$94-100 million, with the largest single case involving HK$9.63 million.