🔥 Trending Fun Coffee Scam: What You Need to Know About the Latest Ponzi Scheme

The "Fun Coffee" scam is a cryptocurrency investment fraud that primarily targeted individuals in Hong Kong and Macao ¹³⁸. It was presented as a Vietnamese coffee venture that entered Hong Kong in late 2025 ⁸.

How the Scam Operated

The perpetrators of the Fun Coffee scam lured hundreds of investors by promising high returns on their investments ¹⁹. Victims were often persuaded by friends and trusted individuals ⁹. The scheme reportedly used exercise videos as part of its deceptive tactics to attract investors ⁸.

Unveiling of the Scam

The Securities and Futures Commission (SFC) of Hong Kong flagged the "Fun Coffee GCM Project" as a suspicious investment product in July 2026 ¹. The scheme subsequently collapsed in late July 2026 ¹.

Law Enforcement Action

On August 4, 2026, Hong Kong police and Macao's Judiciary Police arrested several individuals in connection with the suspected fraud ⁸. These arrests were made as part of a joint operation to dismantle the scam ¹.

Financial Impact

The Fun Coffee scam defrauded investors of a significant amount of money. Reports indicate that hundreds of individuals were lured into the scheme, with total losses estimated to be around HK$100 million (approximately US$12.8 million) ¹⁹. One victim alone was allegedly cheated out of HK$10 million ⁹.

Broader Context of Crypto Scams

The Fun Coffee case highlights a broader increase in crypto-related scams in the region. In the last week of July 2026, Hong Kong law enforcement received 25 reports of romance and online dating investment scams, resulting in losses approaching HK$70 million (US$9 million) ³.