Hong Kong authorities are addressing a rise in scams involving cryptocurrency, particularly a recent incident where fraudsters impersonated the Chief Executive to promote a fake national coin on the Solana blockchain. The Hong Kong government has vowed to 'severely reprimand' those involved in such scams. This incident highlights a broader trend, as North American securities regulators warn that scams involving artificial intelligence and cryptocurrency are expected to escalate in 2025. Additionally, reports indicate that a Shenzhen-based memecoin factory may be linked to celebrity scams, while a Hong Kong firm has reportedly sold off most of its Bitcoin holdings.