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EDITOR-IN-CHIEF Paulo Coutinho
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Home›Macau›Man arrested over alleged HKD4.7 million cryptocurrency scam
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Man arrested over alleged HKD4.7 million cryptocurrency scam

By -
Tuesday, November 10, 2026
2396
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A 43-year-old mainland Chinese man has been arrested on suspicion of defrauding another person of HKD4.68 million in a cryptocurrency transaction, Judiciary Police said. The two men met at a Cotai casino on Friday to exchange HKD5 million for 640,000 Tether tokens. The victim deposited the cash into the suspect’s casino account but received only 40,000 tokens. The suspect then left, claiming he was going out to smoke, and converted the money into casino chips before fleeing. The victim later found him at the casino and alerted police. The two had previously invested in cryptocurrency together and disagreed over how to share a HKD3 million loss.

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DAILY EDITION

Tuesday, November 10, 2026 – edition no. 5071
Tuesday, November 10, 2026 – edition no. 5071

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    AI poses new oversight challenges for Macau’s gaming and financial sectors

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