PANews reported on May 23 that according to Ming Pao, the Sham Shui Po Police District in Hong Kong launched an operation codenamed "Kwang Ding" over the past two weeks to combat fraud and money laundering cases, arresting 100 people, most of whom were puppet account holders. The operation involved laundering the proceeds of 82 fraud cases, amounting to HKD 180 million, with the largest case involving over HKD 20 million in virtual currency investment fraud.

Among those arrested, three men and one woman have been charged with obtaining property by deception and money laundering. They were brought before the West Kowloon Magistrates' Courts from May 7 to 18. The others were granted bail pending further investigation and are required to report to the police in June.