According to online reports, Hong Kong police revealed that they had arrested four Hong Kong locals on charges of "conspiracy to defraud." They were suspected of holding a publicity dinner for the "DGCX Xin Kangjia" virtual currency scam, soliciting victims and collecting fraudulent funds of 3.89 million Hong Kong dollars, except for a small amount of funds that were withdrawn, the remaining approximately 3.2 million Hong Kong dollars have not been recovered yet. An investigation by the Hong Kong police confirmed that DGCX Xin Kangjia was a fake trading platform. At least 118 people in Hong Kong fell into the scam. The victim's funds had not been invested in any real terms. Some of the funds were used to maintain the operation of the platform, and some of the funds were believed to have been used to cope with withdrawals from other victims. Industry lawyers said that because DGCX Xin Kangjia uses stable currency USDT for settlement, it has brought many difficulties to case detection, fund recovery and victim rights protection.