According to reports from Wu, the Hong Kong police stated that last year they received more than 3,400 cases related to cryptocurrency, with losses exceeding 4.3 billion yuan. In the first 10 months of this year, there have been more than 2,100 cases, with losses exceeding 3.1 billion yuan.
In related cases, the single highest loss amount is approximately 1.6 billion yuan. Legislative Council member Wu Jizhuang suggested that the Hong Kong government should strengthen regulation and public education, so that citizens understand the risks of cryptocurrency investment, choose licensed platforms, and act within their means.