Hong Kong Warns of Suspected Crypto Scam After Investors Lose $127 Million
TL;DR
- Hong Kong’s Securities and Futures Commission warned that Fun Coffee may be a suspicious crypto investment scheme after reported losses exceeded $127 million.
- Around 4,000 investors claim funds disappeared after the platform blocked withdrawals and several company locations became inactive.
- Hong Kong Police received 115 complaints and transferred the investigation to the Commercial Crime Bureau as authorities review the alleged financial fraud.
Hong Kong’s Securities and Futures Commission (SFC) has issued a warning over Fun Coffee, a crypto-related investment project accused of leaving investors with losses above $127 million. Authorities said the platform showed signs of a suspicious investment operation and warned participants that they could lose their entire principal.
Hong Kong Crypto Investigation Expands After Fun Coffee Collapse
Fun Coffee entered Hong Kong’s market in late 2025 by promoting a coffee-related investment model that promised returns of up to 222% annually. Users were encouraged to download an application, complete platform activities, and deposit funds through virtual assets to generate future earnings.
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