Hong Kong police said on their Facebook page “Guardians of the Web” that, over the past week, they had received more than 80 cases of online investment scams, involving losses exceeding 80 million Hong Kong dollars. In one case, a woman was lured by a scammer who impersonated an “investment expert,” claiming that “quantitative trading” and “AI algorithms” could generate stable returns. The scammer induced her to transfer about 7.7 million Hong Kong dollars in USDT and ETH to a designated wallet in 17 separate withdrawals; only after she was unable to withdraw the funds did she realize she had been scammed. Police also reminded the public that the so-called “high returns, low risk, low barrier” is a typical feature of “impossible triangle” scams. The public should avoid believing claims such as “AI trading” and “quantitative guaranteed profits,” and verify the authenticity of platforms before investing. (Hong Kong 01)

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