Hong Kong Woman Loses 12,000 USDT in Cryptocurrency Scam

According to PANews, a cryptocurrency scam occurred in Hong Kong's Tai Kok Tsui area. On October 26, around 4 PM (UTC+8), a woman reported to the police that she had visited an over-the-counter (OTC) cryptocurrency exchange located at 55 Tai Kok Tsui Road earlier that day at 1 PM. She intended to exchange Tether (USDT) for cash. After transferring the USDT to a male employee via an online wallet, she was asked to wait for a colleague to arrive with the cash. The employee then left the premises under a pretext. The woman waited for a long time, but no one arrived with the cash, prompting her to call the police for assistance. The police have classified the case as 'fraud' and have not made any arrests so far. It is reported that the woman lost 12,000 USDT, equivalent to approximately HKD 93,000. The woman mentioned that she had been following the store on social media platform Instagram since August. The store appeared to have been operating for several months and had displayed customer transactions, leading her to believe it was trustworthy.