Catenaa, Tuesday, March, 11, 2025-The Hong Kong government has issued a warning about a fraudulent cryptocurrency scheme involving a fake digital coin dubbed the “National Hong Kong Coin,” which was promoted through a fake social media account impersonating the city’s Chief Executive, John Lee Ka-chiu.
The scam, which falsely claimed that the coin was built on the Solana blockchain, lured investors with promises of a new era of digital innovation for Hong Kong.
A fake X (formerly Twitter) account, using a photo of Lee and posting an official-looking statement, was used to announce the launch of the coin.
The statement read, “This strategic move marks a new era of digital innovation and economic growth for Hong Kong,” creating a semblance of legitimacy. However, Legislative Council member Ng Kit Chuang quickly intervened, assuring the public that the Hong Kong government had not launched any cryptocurrency.
Authorities denounced the announcement as fraudulent, confirming that the Chief Executive’s account was a fake and warning the public against falling for similar schemes. The government stressed the importance of verifying information from official sources before making investment decisions, particularly in light of rising social media scams involving impersonated officials.
This scam is part of a broader trend of cryptocurrency frauds where fraudsters use fake accounts of high-profile figures to dupe investors. The Hong Kong government urged citizens to stay vigilant and cautious about such fraudulent activities.
Hong Kong government warns against “National Hong Kong Coin” scam on Solana
Fraudsters impersonated the Chief Executive to promote the fake coin
Authorities confirm no such cryptocurrency was ever issued by the government
Public urged to verify crypto-related information from official sources
The Hong Kong government issued a warning about a fraudulent cryptocurrency scam involving the “National Hong Kong Coin,” which was promoted through a fake social media account impersonating the Chief Executive.
