PANews April 19 news, according to Hong Kong media Hong Kong 01, the Hong Kong police revealed a fraud case that lured investment in cryptocurrency under the pretext of "AI quantitative trading," in which a woman was defrauded of approximately 7.7 million Hong Kong dollars. The scammer impersonated an "investment expert," actively contacted the victim through Telegram, claiming to achieve stable high returns using "quantitative trading" and "AI algorithms." The victim transferred USDT and ETH worth approximately 7.7 million Hong Kong dollars from her electronic wallet to a designated address 17 times, only to realize she had been scammed when her withdrawal attempt was refused.

The Hong Kong police remind that although cryptocurrency has high return potential, it also comes with high volatility and high risk. The so-called "AI trading" and "quantitative guaranteed profits" are mostly scams. The public should be wary of the "impossible triangle" trap of high returns, low risk, and low threshold.

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