Report

The office of Councilor Wu Jiezhang issued a statement on "Views on Media Reports Regarding Suspected $500 Million Fraud Case."

ChainCatcher news, the office of Councilor Wu Jiezhang has released a statement titled "Statement on Media Reports Regarding Suspected $500 Million Fraud Case":The incident has attracted widespread attention, and I have great confidence in Hong Kong's rule of law and law enforcement agencies. If the incident is true, the law enforcement authorities will definitely take action to protect the rights of citizens and international investors.Hong Kong has a legal basis and a healthy environment for protecting international investors and the Web3 industry. I urge international investors and technology practitioners not to worry about a single incident and to feel free to continue investing and developing in Hong Kong.My office and the Anti-Fraud Alliance have indeed received more than one case this year that suspected the use of trust companies for fraudulent activities. I believe that society needs to discuss how to improve the system of relevant trust companies in the future, so that criminals cannot exploit loopholes for fraud.I also believe that relevant departments can strengthen citizens' and practitioners' understanding and education about trust companies to prevent fraud from the source. If the media has any inquiries regarding the above topics, please contact Louise at 6350 8883.
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