Hong Kong has experienced a surge in counterfeit banknotes through cryptocurrency scams. Between January and April 2024, police seized 3,396 fake notes worth HK$2.55 million ($326,130), primarily from three scams. One scam involved a fake cryptocurrency cash counter in Tsim Sha Tsui, where victims exchanged USDT for counterfeit HK$1,000 notes. Police seized 1,693 training notes and 347 low-quality counterfeit bills and arrested three individuals. Earlier, 3,000 hell banknotes, a safe, and a note-counting machine were confiscated from a cryptocurrency exchange shop. Authorities urge the public to hand over counterfeit notes to avoid legal repercussions.