A Hong Kong lawmaker has warned that an unfolding crypto scam run by a coffee investment venture based in Vietnam could involve more than 1,000 victims, as an investor reported losses of HK$14 million (US$1.73 million) across her team. The warning came as police said that total reported losses tied to the syndicate operating as Fun Coffee have climbed to HK$104 million, with 225 complaints received since last month. 02:28 Hong Kong, Macau police arrest 8 in HK$100 million Vietnamese coffee investment scamLegislator Johnny Ng Kit-chong on Wednesday said that he had received around 50 in-person appeals since last week, representing hundreds of alleged victims. He said it would not be surprising if the total number of victims exceeded 1,000. In October, she was told that Fun Coffee had launched an app that allowed users to earn returns through investments in USDT, a US dollar-pegged cryptocurrency.