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Hong Kong Romance Scams Hit $9M, Malaysia Drops Blockchain Week Support
A Hong Kong insurance agent lost $3.3 million after a fake online boyfriend pushed her into a fraudulent crypto app. Police logged 25 similar cases in one week, totaling $9 million in losses. HashKey Exchange gained JPMorgan approval for a client money account, while the Fun Coffee scheme collapsed as a scam.
A Hong Kong insurance agent lost $3.3 million after a fake online boyfriend pushed her into a fraudulent crypto app. Police logged 25 similar cases in one week, totaling $9 million in losses. HashKey Exchange gained JPMorgan approval for a client money account, while the Fun Coffee scheme collapsed as a scam.
Malaysia Pulls Support Over Influencer Backlash
Malaysia’s government withdrew backing for Blockchain Week after backlash over an after party featuring influencer Siew Pui Yi, tied to her past OnlyFans presence. Organizers apologized and cancelled the event.
China, Singapore, Korea, Japan and India Updates
China Business Journal warned of Bitcoin extortion scams using its name. FalconX cut Singapore staff amid a market slump. South Korea is drafting stablecoin legislation. Bitget will exit Japan by year end. India’s Madras High Court ruled crypto qualifies as property.
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Disclaimer
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About the author
8+ years covering crypto markets, macro, and geopolitics. Previously at Decrypt and CoinDesk. Focused on the intersection of digital assets and traditional finance.
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