The Hong Kong police launched the "Squire Fraud" operation to combat fraud and money laundering, and arrested 54 people, involving nearly HK$200 million

According to a report by Golden Finance, the Criminal Department of the Yau Tsim Police District in Hong Kong launched an operation codenamed “Sijue Fraud” from the 10th to the 19th of this month to combat fraud and money laundering cases, resulting in the arrest of 54 individuals and the resolution of 45 fraud cases, with the total amount involved approximately 194 million HKD. It is reported that the highest loss in the Silk Road case involved 72 million, where an Irish foreign victim fell for a scam related to investing in Virtual Money and transferred 72 million to multiple designated bank accounts.