According to a report by Caixin, BlockBeats reported on July 18 that investment scams related to virtual currencies have spread from the mainland to Hong Kong, with at least 118 individuals falling victim to these scams, resulting in total losses of approximately 3.2 million Hong Kong Dollars. The Hong Kong police revealed that on July 15, they arrested four local individuals on charges of "conspiracy to defraud," who are accused of organizing promotional meals for virtual currency-related scams in the mainland to attract victims and collect fraud funds amounting to 3.89 million Hong Kong Dollars, of which a small amount has been withdrawn, while approximately 3.2 million Hong Kong Dollars has not been recovered.#Gate 2025 Q2 Report Released #Altcoin Season Update #Bitcoin Whale Moves #BTC