Last updated: 2025-04-29
Fraud Prevention
Crypto transfers are usually difficult to reverse. If someone asks you to buy immediately, send to a specified address, or keep it secret from family or staff, pause and verify first.
Scenario: A stranger contacts you on social media, shows profit screenshots, and asks you to buy crypto then send it to a specified wallet or platform.
Risk: The platform may block withdrawals, or the scammer may ask for more money as an unlock fee, deposit, or tax.
What to do: Do not send funds to unknown addresses. Save screenshots, wallet addresses, and ask police or trusted staff before proceeding.
Scenario: Someone says you are involved in a case, your parcel is detained, or you must pay crypto tax immediately.
Risk: Hong Kong public bodies generally do not ask people to pay fines, deposits, or taxes in cryptocurrency.
What to do: Stop the conversation and verify through official channels. If you suspect deception in Hong Kong, call 18222.
Scenario: Someone you met online builds trust, recommends a “guaranteed” investment, or asks you to help top up a platform.
Risk: They may allow small withdrawals first, then encourage a larger deposit before disappearing or blocking withdrawals.
What to do: Do not trade under relationship pressure. Guaranteed returns and urgent payment requests are red flags.
Scenario: Someone sends a wallet app, support site, or airdrop link and asks for your seed phrase, private key, or wallet approval.
Risk: Entering a seed phrase or approving a malicious contract can move your assets away immediately.
What to do: Download only from official App Store or Google Play. Never share seed phrases or private keys with anyone.
