According to Hong Kong 01, Hong Kong police launched a three-week "Operation Scheme," arresting 682 people for fraud and money laundering, involving a total of HK$620 million. The operation dismantled an online romance scam syndicate that not only defrauded 314 victims of HK$44 million through fabricated scenarios but also impersonated police officers to conduct secondary scams. The syndicate employed a money laundering gang, using over 200 dummy accounts and overseas cryptocurrency platforms to convert the defrauded funds into virtual currency and then cash out through over-the-counter exchanges. In addition, police also cracked down on a syndicate that used dummy accounts to launder HK$32 million in illegal gambling proceeds, arresting several related individuals.