Hong Kong police reveal "AI quantitative guaranteed profit" virtual currency scam, victims lose 7.7 million Hong Kong dollars

Mars Finance reports that Hong Kong police have disclosed a cryptocurrency scam in which criminals lured investors using the gimmick of “AI quantitative trading,” and a woman was defrauded of approximately 7.7 million Hong Kong dollars. The fraudsters posed as “investment experts” and proactively contacted the victim via Telegram, claiming that they could achieve stable high yields by using “quantitative trading” and “AI algorithms.” The victim, on multiple occasions, transferred approximately 7.7 million Hong Kong dollars worth of USDT and ETH from an electronic wallet 17 times to designated addresses; when she attempted to withdraw the funds, the request was rejected, and she only then realized she had been scammed. Hong Kong police remind the public that although cryptocurrencies may offer high return potential, they also come with high volatility and high risk. The so-called “AI trading” and “quantitative guaranteed profits” are often nothing more than scam lures, and the public should be wary of the “impossible triangle” trap of high returns, low risk, and low barriers.