Asia’s weekly TOP10 crypto news (May 13 to May 19)
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1. Hong Kong Regulatory News This Week 1.1 Hong Kong Police Arrest Three Men for USDT Exchange Scam Involving Joss Paper link Recently, the Hong Kong police arrested three local men, aged between 31 and 34, in connection with a cryptocurrency fraud case. On April 12th, a 35-year-old man was defrauded while attempting to resell approximately HKD 1 million worth of Tether (USDT) in a shop in Tsim Sha Tsui. The suspects deceived the victim by displaying 3,000 pieces of Joss paper, each with a face value of HKD 500, luring him to transfer the USDT to a designated cryptocurrency wallet. They then made various excuses to avoid paying cash and fled the scene.
Asia’s weekly TOP10 crypto news (May 13 to May 19)
Asia’s weekly TOP10 crypto news (May 13 to…
Asia’s weekly TOP10 crypto news (May 13 to May 19)
1. Hong Kong Regulatory News This Week 1.1 Hong Kong Police Arrest Three Men for USDT Exchange Scam Involving Joss Paper link Recently, the Hong Kong police arrested three local men, aged between 31 and 34, in connection with a cryptocurrency fraud case. On April 12th, a 35-year-old man was defrauded while attempting to resell approximately HKD 1 million worth of Tether (USDT) in a shop in Tsim Sha Tsui. The suspects deceived the victim by displaying 3,000 pieces of Joss paper, each with a face value of HKD 500, luring him to transfer the USDT to a designated cryptocurrency wallet. They then made various excuses to avoid paying cash and fled the scene.