Wu said that he learned that according to Sing Tao Daily, the Criminal Department of the Wong Tai Sin Police District in Hong Kong conducted an enforcement operation code-named "Lian Dou" from September 19 to 26, and successfully dismantled a local group that specializes in using cryptocurrencies for money laundering and arrested 25 men and women. Police investigations found that the group was involved in at least 39 fraud cases with a total amount of more than HK$7 million, and the amount of single losses ranged from HK$3,000 to HK$1.6 million. The police said that the group has been operating since May 2023, using fake identities to open bank and cryptocurrency trading accounts at the same time, and obtaining funds from victims through different types of fraud. The victims ranged in age from 19 to 72 years old.