According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over 10% of the nearly 23,000 reported technology crimes, they still accounted for more than half of the $407.7 million that was lost to online fraudsters.
Crypto-Related Scams Constitute Just Over 10% of Reported Technology Crimes
Hong Kong residents reportedly incurred cryptocurrency-related scam losses totaling $216.6 million (HK$1.7 billion), just over half of the $407.7 million that was lost to online scammers in 2022, a report has said. The more-than-double increase in crypto scam-related losses followed a 67% jump in the number of victims from 1,397 reported cases in 2021 to 2,336 by
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