Hong Kong police reveal the "AI Quantitative Guaranteed Profit" cryptocurrency scam, with victims losing 7.7 million Hong Kong dollars

Hong Kong police disclosed a fraud case that used "AI quantitative trading" as a gimmick to lure investments in cryptocurrency, with a woman being defrauded of approximately 7.7 million Hong Kong dollars.

The scammer impersonated an "investment expert" and actively contacted the victim through Telegram, claiming to use "quantitative trading" and "AI algorithms" to achieve stable high returns. The victim transferred USDT and ETH worth about 7.7 million Hong Kong dollars from her electronic wallet to a designated address 17 times, only to realize she had been scammed when her withdrawal attempts were rejected. The Hong Kong police remind the public that while cryptocurrencies have high return potential, they also come with high volatility and high risk. The so-called "AI trading" and "quantitative guaranteed profits" are often bait for scams, and the public should be wary of the "impossible triangle" trap of high returns, low risk, and low thresholds.