PANews April 26 news, according to Hong Kong Wen Wei Po, the Hong Kong police have cracked a cross-border fraud group that impersonated law enforcement officers, targeting overseas mainland students to defraud them, pressuring them to come to Hong Kong to purchase gold nuggets as "collateral," which were then melted down and exchanged for cryptocurrency to launder the funds.

There were a total of 7 reports of the case, involving approximately 7 million Hong Kong dollars. The police launched "Operation Capture the Leader," arresting multiple suspects and recovering about 5 million Hong Kong dollars in related property; another suspect has been charged and will appear in court, while the remaining arrested individuals have been granted bail and must report to the police in early May.

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