Hong Kong Warns of Suspected Ponzi Scheme in Crypto Project Fun Coffee

Hong Kong's authorities have issued a warning about Fun Coffee, a crypto-related investment project that has left investors with estimated losses of over $127 million. The project claimed to offer returns of up to 222% annually and promised large-scale operations, but it appears to be an alleged Ponzi scheme.

Fun Coffee entered the Hong Kong market in late 2025, promoting a coffee-related investment model that attracted thousands of investors through word-of-mouth recommendations. However, by the end of July, users began reporting that withdrawals had stopped and some participants could no longer access their accounts.

The company's listed locations in Hong Kong were reportedly empty, increasing concerns among affected investors. The Hong Kong Police received 115 complaints related to the case and transferred the investigation to the Commercial Crime Bureau's deception investigation team.