The Fun Coffee crypto scheme has reportedly cost investors HK$107.5 million across Hong Kong and Macao. Police arrested eight suspects after receiving 264 complaints linked to the scheme. Victims between 32 and 83 years old lost between HK$3,000 and nearly HK$9.6 million. Police suspect the platform used high returns and personal referrals to attract more investors.
Fun Coffee started promoting its investment platform in Hong Kong in late 2025. The company presented itself as a coffee technology and smart farming business. It asked investors to deposit USDT and promised returns as high as 278%. The platform first attracted people through small tasks and social activities.
Members later received offers for larger investments with much higher returns. The platform also encouraged members to invite friends and family members. Police suspect the scheme used money from newer investors to pay earlier participants.
The platform stopped withdrawals in late July, leaving investors unable to take their money out. Hong Kong’s Securities and Futures Commission had already warned about the Fun Coffee GCM Project on July 13. The regulator listed it as a suspicious investment product.
The SFC warned that investors could face “significant or even total losses.”
Hong Kong and Macao police are now checking the money trail and digital wallets. Officers also found cash, bank cards, and phones during searches linked to the investigation.
Hong Kong lawmaker Johnny Ng said the actual number of victims could cross 1,000. The case also shows the risks linked to investment schemes promising very high returns.
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