Hong Kong police have arrested a 67-year-old woman in connection with a cryptocurrency investment scam that defrauded two property owners of HK$4.3 million (US$510,008).
The suspect allegedly posed as a prospective tenant, paying rent upfront to establish trust before soliciting the landlords for bogus virtual currency investments.
Investigators from the Western District Police Station executed the arrest as part of an ongoing crackdown on financial crimes involving digital assets.
The scheme illustrates how fraudsters are increasingly leveraging personal relationships and real estate transactions to lower victims' guard before executing high-value financial theft.
This incident adds to a growing list of crypto-related fraud cases across Asia, including recent arrests in South Korea and Nigeria involving similar investment scams.
Authorities continue to warn investors about the risks of unregulated virtual currency schemes, particularly those promoted through informal channels.