ChainCatcher news, according to a report by Hong Kong media Wenhui Daily, the Hong Kong police stated that last year they received over 3,400 cases related to cryptocurrency, with losses exceeding 4.3 billion HKD. In the first 10 months of this year, there have been more than 2,100 cases, with losses exceeding 3.1 billion HKD.

Among these related cases, the single highest loss amount is approximately 1.6 billion HKD. Election committee member and Legislative Council member Wu Jizhuang said that in addition to strengthening regulation and public education, citizens should also increase their understanding of cryptocurrency, understand investment risks, avoid being greedy for small gains, choose licensed trading platforms when investing, and act within their means.