Recently, a woman in Hong Kong fell victim to a "pig-butchering" scam, losing up to 21.4 million Hong Kong dollars by investing in virtual currency on a fraudulent platform. The scammers disguised themselves on social media, built trust, and then induced the victim to remit money to unofficial channels, ultimately leading to an inability to withdraw funds. Such scams promising "high returns with low risk" in cryptocurrency investments are on the rise in Hong Kong.

This case reveals three key risk points: investors' irrational pursuit of "super high returns"; complete disregard for verifying the compliance of the platform, transferring funds to unregulated private accounts; and misunderstanding the core principle that "private keys equal assets," where assets actually only exist on the fraudulent balance sheet controlled by the scammer.

To prevent such scams, it is essential to remember:

Verify qualifications: Always confirm whether the platform holds a legitimate financial license for the target market before investing.

Control assets: Understand the ironclad rule of "not your private key, not your currency." Large assets should be stored in reliable hardware wallets, and private keys or mnemonic phrases must never be disclosed to others.

Beware of high-interest promises: Maintain a high level of skepticism for any investment project that promises "guaranteed profits and high interest with capital preservation."

The first line of defense for financial security is the investor's own awareness and vigilance. In the noisy market, it is crucial to remain rational and adhere to safety bottom lines. This also highlights the necessity of promoting inclusive financial education and enhancing public risk recognition capabilities. This aligns with the concept practiced by the community of @Max Charity , dedicated to creating long-term social value. #Max