Hong Kong police: There were more than 20,000 fraud cases in the first half of 2026, involving losses of approximately HK$3.5 billion

According to Ming Pao, the Hong Kong police announced that a total of 20,613 fraud cases were recorded in Hong Kong in the first half of 2026, involving losses of approximately HK$3.5 billion. Among them, there were 2,151 investment fraud cases, accounting for about one-tenth of the total cases, involving losses of approximately HK$1.65 billion. The single case with the highest loss involved cryptocurrency. The victim successively transferred cryptocurrency worth approximately HK$84.79 million into an electronic wallet designated by the fraudster. In the end, he was found to have been deceived because he could not withdraw the so-called investment income. The Hong Kong police also updated the progress of the jpex case. They have received reports from about 2,800 victims, involving more than HK$1.6 billion. A total of 81 people have been arrested since 2023, of which 29 have been charged, involving conspiracy to defraud, money laundering and obstruction of justice.