/
Hong Kong logs 25 crypto romance scams as trust takes another hit
Aug 1, 2026
< 1 min read
by Ashish Kumar
for CryptoPolitan
Share:
AI Overview
Hong Kong law enforcement received 25 reports of investment scams in the last week of July, with romance and online-dating schemes duping almost HK$70 million (about US$9 million). TRM Labs reports illicit crypto-related flows reached roughly US$158 billion in 2025, highlighting major security and regulatory risks for crypto, DeFi, CEX platforms and potential headwinds for adoption and fundraising.
Bearish
Predictions Markets
See what traders are focused on
The Hong Kong law enforcement agencies reportedly received 25 reports of investment scams during the last week of July. The case involved romance and online dating scams duping almost HK$70 million (around US$9 million) in losses. TRM Labs data shows that the money involved in the illicit activities went up to US$158 billion in 2025....
