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Hong Kong police raise Fun Coffee scam losses to HK$104 million
Aug 6, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
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Hong Kong police say losses from the collapse of the Fun Coffee crypto scheme may be larger than first thought, with updated losses reported at HK$104 million (about $13 million). The revised figure surfaced after coordinated raids with other authorities, underscoring security, enforcement and investor protection risks for crypto fundraising and token schemes in the region.
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The police in Hong Kong have conceded that losses from the collapse of the Fun Coffee crypto scheme may have been higher than initially feared. The updated figure of HK$104 million (about $13 million) has begun to appear in official statements and local reports one day after Hong Kong police coordinated raids with authorities in...
