The Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force launched the "CyberDefender" Metaverse platform and held the first "Exploring the Metaverse" online event to let the public understand Web3 and Web3-related threats and opportunities, and also focus on The use of digital assets by contemporary cybercriminals and the progress made in fighting crypto crime. In a press release issued at the time of publication, the Hong Kong police stated that 2,336 virtual asset-related crimes were recorded across Hong Kong in 2022, which resulted in victims losing $1.7 billion.