According to Hong Kong 01, Hong Kong police have launched the "Operation Conquer" over the past three weeks, arresting 682 people in connection with scams and money laundering activities, involving a total amount of up to HKD 620 million. During the operation, they dismantled an online dating scam group that not only fabricated stories to deceive 314 victims out of HKD 44 million but also impersonated police officers to carry out secondary scams. The group employed money laundering gangs, using over 200 puppet accounts and overseas crypto platforms to convert the stolen funds into virtual currency and then cash out through over-the-counter exchanges. Additionally, the police uncovered a gang that used puppet accounts to launder HKD 32 million in illegal gambling proceeds and detained several related individuals.