Hong Kong woman loses HK$7.7 million in cryptocurrency after falling for AI quantitative trading scam.
TechFlame
2026-04-21 06:23
TechFlame2026-04-21 06:23
English
According to Hong Kong 01, a woman met a scammer on Telegram who claimed to be an "investment expert." The scammer used "quantitative trading" and "AI algorithms" as gimmicks, promising stable and high returns. Believing the claims, the victim transferred approximately HK$7.7 million worth of USDT and ETH from her e-wallet to the scammer's designated wallet in 17 transactions. When she attempted to withdraw the funds, the scammer delayed and refused with various excuses, at which point she realized she had been deceived. Police have reminded the public that "high returns + low risk + low entry barriers" constitute an impossible triangle and are a sure sign of fraud. They urge citizens to verify the authenticity of any platform before investing.