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Wu Jiezhuang responded to the "suspected five hundred million dollar fraud case": If the incident is true, law enforcement agencies will definitely take action

Speaking on the media report "Suspected five hundred million US dollars fraud case", Mr. Ng said: "There is a case of Web3 company suspected of being suspected of cross-border 500 million US dollars fraud by local trust companies in Hong Kong, which has attracted international and social attention. Many media and fintech industry members have asked me for their views and situation. I have the following responses: 1. The incident has aroused widespread concern. I have great confidence in Hong Kong's rule of law system and law enforcement agencies. If the incident is true, law enforcement agencies will definitely take action to protect the rights and interests of citizens and international investors. 2. Hong Kong has a legal basis and a healthy environment for protecting international investors and the Web3 industry. It calls on international investors and technology practitioners to continue to invest and develop 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 due to the characteristics of trust companies this year. I believe that in the future, the society needs to explore how to improve the system of relevant trust companies and prevent criminals from using relevant loopholes to defraud. 4. At the same time, I believe that the relevant departments can strengthen the awareness and education of the public and employees about the trust company to prevent fraud at the source. "