Hong Kong Police Expose "AI Quantitative Trading" Virtual Currency Scam, Victims Lose HK$7.7 Million
Svmuu News: Hong Kong police have disclosed a fraud case that lured investments in cryptocurrency under the guise of "AI quantitative trading," with a woman losing approximately HK$7.7 million. The scammer impersonated an "investment expert," proactively contacted the victim via Telegram, and claimed to achieve stable high returns using "quantitative trading" and "AI algorithms." The victim transferred USDT and ETH worth about HK$7.7 million from her e-wallet to a specified address in 17 separate transactions. She only realized she had been scammed when her withdrawal attempts were denied. Hong Kong police warn that while cryptocurrencies have high return potential, they also come with high volatility and risk. So-called "AI trading" and "guaranteed quantitative profits" are often fraudulent lures. The public should be wary of the "impossible trinity" trap of high returns, low risk, and low barriers to entry. (HK01)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Bitcoin Price Breaks $77,000: Multiple Factors Drive Current Rally
-
2
US banks are owed $349B by private credit funds, as PIK interest payments rise to 10% of loans
-
3
Al Jazeera: Israeli attacks on Gaza kill at least 4 Palestinians, UN Human Rights Office warns of ethnic cleansing risk
-
4
Musk retweeted that as of October 31, the number of Starlink satellites has reached 11,184, accounting for 66% of the total active satellites globally.
-
5
Bitcoin staking protocol b14g says $97 million CORE drained, pauses contracts
-
6
Nikkei Asia: Overseas entities' JPY bond issuance reaches a record $16 billion as the AI funding race spreads to Japan
-
7
Al Jazeera: Palestinian Man Succumbs to Injuries After Israeli Drone Strike in Gaza
-
8
SpaceXAI, the AI division of SpaceX, failed to dismiss an air pollution lawsuit filed by the NAACP, with the judge ruling that the case will proceed.
-
9
Chainalysis: Ethereum Reorg Causes THORChain Emergency Pause, Accidentally Delays Binance Hacked Funds Laundering
-
10
Binance confirmed that it has transferred 7,499 Bitcoins to the SAFU fund, stating that it has recovered 90% of the stolen assets and pledged to rebuild the emergency fund to approximately $1 billion.
Markets Today
Recommended Reading


