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Blockchain Report
@Blockchain Report
Hong Kong rocked by "Fun Coffee" crypto scam: victims defrauded of over HK$1 billion (US$128M). Scheme, originating from Vietnam, promised 222% annual interest on coffee investments, revealed as a crypto fraud. SFC flagged it in July 2026. Over 370 individuals lost hundreds of thousands HKD each. Police investigating 115 reports. Incident highlights risks of unregulated virtual currency investments. #cryptoscam #hongkong #funcoffee