Hong Kong Police Force: Has independently developed virtual asset transaction tracking technology

According to ChainCatcher news, Hong Kong Police Commissioner Siu Chak-yee revealed in a recent interview that the Hong Kong police have developed a self-researched tracking technology for virtual asset transactions to expedite the interception of fraud cases. This is because many virtual assets are associated with certain wallets, and the flow of funds in these wallets is often very complex. They hope to quickly identify where the flow is going through an analytical system, allowing for prompt interception. In addition, Siu emphasized that the most important thing is for citizens to strengthen their awareness of prevention, including downloading the police's anti-fraud app. He mentioned that in the month following the end of November last year, the system detected issues and issued nearly 150,000 warnings.