Crypto scam 'Fun Coffee' may have defrauded over 1,000 victims in Hong Kong

A cryptocurrency scam operating under the name "Fun Coffee" is suspected of defrauding over 1,000 individuals, with reported losses escalating to HK$104 million. The scam, reportedly run by a syndicate based in Vietnam, involves participants investing in a coffee venture. Hong Kong lawmaker Johnny Ng Kit-chong has voiced concerns, suggesting the victim count could surpass 1,000, based on numerous appeals he has received. AI

RANK_REASON This is a news report about a financial scam, not a core AI development.

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• Fun Coffee
• HK$1,000
• HK$104 million
• HK$14 million
• HK$700
• HK$7,000
• Hong Kong
• Johnny Ng Kit-chong
• US$1.73 million
• Vietnam

• other

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