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Crypto Investor Loses Assets Due to AI Scam

This week, Hong Kong witnessed a surge in cryptocurrency investment fraud cases, with over 80 incidents reported and losses exceeding HKD 80 million. One notable case involved a woman who lost approximately HKD 7.7 million due to a Telegram-based cryptocurrency scam that utilized artificial intelligence.

According to the Hong Kong police, the scam began when the fraudster contacted the woman via Telegram and offered professional investment advice. The scammer promised high returns through quantitative trading and AI tools. Shortly after, the victim received a link to a fake investment platform along with instructions for transferring funds. She then made 17 transfers in USDT and ETH from her wallet to an address controlled by the scammer.

The fraud was uncovered when the victim attempted to withdraw the funds that were indicated as profits on the platform. However, the "operators" suspended the process and continued to provide excuses. It was only later that she realized the profits were fictitious and the platform was merely a part of the fraudulent scheme.