jpex

Hong Kong Police Force’s latest figures show that in the first half of this year, the whole territory recorded more than 20,000 fraud cases, with total losses of about HK$3.5 billion. Investment scams account for only about one-tenth of all cases, yet they contribute HK$1.66 billion in losses, making them a classic example of “low frequency but high damage.”

Of even greater concern is the harm caused by cryptocurrency-related scams. In a single investment fraud case, the victim transferred cryptocurrency to an electronic wallet provided by the other party as instructed, only to realize they had been scammed when they were unable to withdraw funds. The loss in that one case reached as much as HK$84 million.

Meanwhile, the progress of the JPEX case involving a virtual asset trading platform is equally distressing. Since it broke out in 2023, the police have received reports from about 2,800 victims, with the amount involved totaling approximately HK$1.6 billion. To date, 81 people have been arrested, including 29 who have been formally charged. The charges include conspiracy to defraud, money laundering, and perverting the course of justice.

The data indicates that traditional scams still make up the majority. However, cases involving crypto assets are emerging as one of the categories with the most severe losses, characterized by “high amount per case, high technical threshold, and difficulty in cross-border recovery.” For ordinary users, a few well-worn principles remain effective: do not click on unknown links; do not believe promises of high returns; do not disclose private keys and recovery phrases to anyone; and scams such as “a teacher brings you in” and “internal groups” can basically be assumed to be fraudulent.

The crypto world is indeed full of opportunities, but the prerequisite is to first safeguard your own assets.

#加密货币 #反诈 #JPEX

Hong Kong police’s latest figures show that in the first half of this year, the entire territory recorded a total of 20,613 fraud cases, with total losses of around HK$3.5 billion. Among them, investment scams accounted for 2,151 cases—though they make up only about one tenth of the total, the losses reached HK$1.66 billion, making them a typical example of “low frequency, high loss.”

What is particularly worrying is that a single investment fraud case involving cryptocurrencies alone resulted in losses of HK$84 million. The modus operandi is not complicated: scammers dangle high returns to lure victims into transferring cryptocurrencies to electronic wallets under their control. By the time victims realize they cannot withdraw funds, the assets have already been transferred away.

The case drawing even more attention—the JPEX case—continues to gain momentum. So far, about 2,800 victims have been registered, with losses of around HK$1.6 billion. Since 2023, the police have arrested 81 people, including 29 who have been charged with conspiracy to defraud, money laundering, and perverting the course of justice, among other offences.

The data once again serves as a reminder: fraud in the virtual assets sector often involves huge amounts per single case and is difficult to trace across borders. Before investing, be sure to verify the platform’s credentials, and never trust “sure-win” links sent by strangers or download apps of unknown origin. Remember: “It’s easy to send the coins out, but hard to get them back.”

#反诈 #加密货币 #JPEX