Hong Kong woman loses HK$21.5M in crypto scam via parenting forum

A 60-year-old Hong Kong woman was defrauded of HK$21.5 million (US$2.7M) by a scammer posing as an investment expert on the parenting forum Baby Kingdom, who directed her to a fake cryptocurrency platform. The case, reported to police on Saturday, highlights the growing sophistication of investment scams targeting individuals via social platforms. It underscores ongoing challenges in Hong Kong's fight against cyber-enabled fraud, though the specific platform and scam mechanics remain under investigation.