Hong Kong Police Arrest Suspects in Stablecoin Scam Targeting Senior Citizen

Hong Kong police have arrested three individuals for allegedly defrauding a 77-year-old woman of HK$3 million in a stablecoin scam at a Sheung Wan currency exchange shop. This incident highlights the ongoing risk of cryptocurrency scams despite new regulatory measures in place since August 2025. The arrests come amidst growing concerns about financial vulnerability, particularly as Hong Kong grapples with regulations surrounding stablecoins.