The Criminal Division of Hong Kong's Yau Tsim District launched the "Spyker Fraud" codename operation from the 10th to the 19th of this month to crack down on fraud and money laundering cases. A total of 54 people were arrested and 45 fraud cases were detected, involving about HK $194 million. It is reported that the highest loss on Silk Road involved 72 million yuan. An Irish foreign client was defrauded into investing in virtual currency and transferred 72 million yuan to multiple designated bank accounts.