Hong Kong lawmakers respond to "suspected $500 million fraud case": If the incident is true, law enforcement agencies will definitely take action

PANews On April 3, Hong Kong lawmaker Wu Jiezhuang issued a statement on the media's report on the "suspected US$500 million fraud case". Wu Jiezhuang said: "A Web3 company suspected that it was suspected of being a transnational fraud by a local trust company in Hong Kong. The incident has attracted international and social attention. Many media and financial technology industry personnel asked me for their opinions and situations. I have a few responses below: 1. The incident has attracted widespread attention. I am very confident in Hong Kong's rule of law system and law enforcement agencies. If the incident is true, law enforcement agencies will definitely take actions to protect the rights and interests of citizens and international investors. 2. Hong Kong protects international investors. The Web3 industry has legal basis and a healthy environment. It calls on international investors and technology practitioners to continue investing and developing in Hong Kong without worrying about a single incident. 3. My office and the Anti-Fraud Alliance have indeed received more than one case of suspected fraud using the characteristics of trust companies this year. I believe that in the future society, there is a need to discuss how to improve the system of relevant trust companies and not allow criminals to use relevant loopholes to commit fraud. 4. I also believe that relevant departments can strengthen citizens and practitioners' awareness and education of trust companies to prevent fraud from the source."