Question 1

What is Fun Coffee and why is it being called a scam?

Accepted Answer

Fun Coffee marketed itself as a Vietnam-linked coffee investment brand but allegedly ran a cryptocurrency scheme promising annual returns of up to 222 per cent. Hong Kong's SFC warned on July 13, 2026 that it appeared to be a suspicious investment that could cost participants their entire principal.

Question 2

How much money did investors lose?

Accepted Answer

Investor chat groups, one with more than 370 members and several together numbering about 4,000, alleged combined losses of more than HK$1 billion.

Question 3

What are Hong Kong authorities doing about it?

Accepted Answer

By late July 2026, Hong Kong Police had received 115 reports and referred the case to the Commercial Crime Bureau's deception investigation team. Vietnam's Ministry of Public Security had earlier warned in May 2026 that the operation bore the hallmarks of a Ponzi scheme.

Fun Coffee

Hong Kong police arrest 67-year-old in $510,000 rental crypto scam

One sharp brief.
Every day.

Fun Coffee

Hong Kong police arrest 67-year-old in $510,000 rental crypto scam

One sharp brief.Every day.

One sharp brief.
Every day.