Hong Kong Police Unveil “AI Quantitative Guaranteed Profit” Cryptocurrency Scam; Victims Lose HK$7.7 Million

According to Hong Kong 01, Hong Kong police have disclosed a fraud case in which scammers lured victims into investing in cryptocurrencies under the guise of “AI-powered quantitative trading,” defrauding a woman of approximately HK$7.7 million. The fraudsters 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 subsequently transferred USDT and ETH worth around HK$7.7 million from her digital wallet to designated addresses in 17 separate transactions. She only realized she had been scammed when her withdrawal request was denied. Hong Kong police warned that although cryptocurrencies offer the potential for high returns, they also carry high volatility and high risk. Claims of “AI-driven trading” or “guaranteed profits from quantitative strategies” are mostly fraudulent lures. The public should remain vigilant against the “impossible trinity” trap—promises of high returns, low risk, and low entry barriers.