Three men in Hong Kong have allegedly scammed HK$1 million ($128,000) worth of cryptocurrency from a female accountant using a bundle of counterfeit banknotes and a fake “cryptocurrency shop.” 

The 29-year-old victim first saw the supposed cryptocurrency trading outlet advertising lucrative exchange rates on Instagram. She visited the shop last Sunday with the goal of exchanging 128,040 Tether ($128,067) into fiat currency.  

At the shop, an “employee” handed her a bundle of HK$1,000 banknotes and told her to send the crypto to a designated wallet controlled by them. However, she failed to notice that the stack of cash contained just two genuine notes at the top and bottom of the pile while the rest were training aids for banks. 

After transferring the crypto, she was told to wait outside by the “employee” as they supposedly needed the toilet. Instead, the man left her with the counterfeit notes and never returned. Suspecting she’d been scammed out of her crypto, she called the police at 10pm that evening. 

According to the South China Morning Post (SCMP), police investigating the Hong Kong crypto scam arrested a 21-year-old student who held the wallet involved and a 46-year-old man who is the registered tenant of the “cryptocurrency shop.”

Both of the men were arrested on Wednesday and accused of obtaining property through deception in the alleged scam. The pair have since been released on bail. 

The third co-conspirator, allegedly behind the fake note bundle, is currently being chased down by authorities in Tsim Sha Tsui. 

#googleai

"The term "Bullish" is used to express a positive sentiment towards a specific investment or the overall market. It conveys an optimistic outlook, indicating an expectation for growth and increase in value.

For instance, an investor who is "Bullish" on ETH believes that ETH's price will rise.

Connotation

The term carries a favorable connotation, suggesting potential profits for investors as it implies confidence in the market's performance.

Antonym

The opposite of "Bullish" is "Bearish," which denotes a negative sentiment towards an investment or the market.

Examples

Here are a few examples of how the terms "Bull" or "Bullish" may be used:

XRP appears to be exhibiting a bullish trend at the moment. Let's go!

When do you think the next bull run will happen?

During the next bull run, I plan to make substantial gains.

Follow this account to expand your knowledge of related terminology used in the field of cryptocurrencies."

#GOATMoments #googleai #BinanceTournament