TechFlow News, April 19: According to Hong Kong 01, Hong Kong police have disclosed a cryptocurrency investment scam that lured victims under the guise of “AI-powered quantitative trading.” A woman lost approximately HK$7.7 million in the fraud. The scammers posed as “investment experts” and proactively contacted the victim via Telegram, claiming they could generate stable, high returns using “quantitative trading” and “AI algorithms.” The victim transferred USDT and ETH worth roughly HK$7.7 million from her digital wallet to designated addresses in 17 separate transactions. She only realized she had been defrauded when her withdrawal request was denied.
Hong Kong police warn that while cryptocurrencies offer potential for high returns, they also carry high volatility and high risk. Claims of “AI-driven trading” or “guaranteed profits through quantitative strategies” are often fraudulent lures. The public should remain vigilant against the “impossible trinity” trap—promises of high returns, low risk, and low entry barriers.
