According to CoinMeta, and as reported by Macau Radio and Television, a man from Macau and a man from the Chinese mainland had previously invested in cryptocurrencies together with poor results. They agreed to trade 640,000 units of USDT for 5 million Hong Kong dollars. On November 6th, after the buyer deposited 5 million Hong Kong dollars into the seller's account at an entertainment venue in Coloane, Macau, they only received 40,000 units of USDT. The seller then left the scene on the pretext of going to smoke, and the remaining 600,000 units of USDT never made it to the buyer's account, involving approximately 4.68 million Hong Kong dollars. The Macau Special Police Force investigation found that the suspect did not have enough units of USDT to complete the transaction. Upon receiving the money, the suspect immediately exchanged it for casino chips, which is suspected to be an act of intentional fraud.