According to CoinMeta, and as reported by Hui Gang Communication, the Hong Kong police have received over 40 cases of investment fraud in the past week, resulting in losses of more than 50 million Hong Kong dollars. One elderly person in their seventies received messages from strangers claiming to be "cryptocurrency investment experts" through WhatsApp. Following the instructions of these individuals, the elderly person purchased USDT and ETH, and downloaded a counterfeit investment platform APP. They then transferred their cryptocurrencies to the designated wallets. Believing that they were continuously making profits as shown on APP, the elderly person continued to invest additional funds, ultimately losing over 13 million Hong Kong dollars before realizing they had been scammed and being unable to withdraw their money.