According to the Hong Kong Wen Hui Bao, the Hong Kong Police Force’s Commercial Crime Bureau, in collaboration with the Judicial Police Department of Macau, conducted a cross-border joint law enforcement operation codenamed “Jun Li” from August 1 to 3, resulting in the arrest of eight individuals. The Hong Kong Police arrested one man and five women on charges of conspiracy to defraud, while the Macau Judicial Police Department arrested two women on charges of aggravated fraud. As of August 3, the Hong Kong Police had received 225 reports involving losses of approximately HK$94 million, and the Macau Police had received nine reports involving losses of approximately MOP$3.6 million, bringing the total涉案 amount to over HK$97 million.
Hong Kong and Macau Police Joint Operation Uncovers Over $97 Million in Virtual Currency Fraud
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Summary
From August 1 to 3, police forces in Hong Kong and Macau conducted a joint operation as part of the “Junli” crackdown, targeting a virtual currency fraud ring. Authorities arrested eight suspects: Hong Kong Police charged one man and five women with conspiracy to defraud, while Macau’s Judicial Police arrested two women for aggravated fraud. As of August 3, Hong Kong authorities had received 225 reports totaling approximately HKD 94 million in losses, and Macau Police recorded nine reports amounting to MOP 3.6 million in losses. The combined losses exceed HKD 97 million, representing a major on-chain development in the latest crypto news cycle.
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