Hong Kong Police Expose 'AI Quantitative Trading' Crypto Scam, Victims Lose 7.7 Million HKD

Huo Xing Finance reports that Hong Kong police have disclosed a fraud case in which a woman was deceived into investing approximately HK$7.7 million in cryptocurrencies under the guise of "AI quantitative trading." The scammers impersonated "investment experts" and initiated contact with the victim via Telegram, claiming they could achieve stable, high returns using "quantitative trading" and "AI algorithms." The victim transferred USDT and ETH worth approximately HK$7.7 million in 17 separate transactions from her digital wallet to designated addresses. She only realized she had been scammed when her withdrawal requests were denied. Hong Kong police warn that while cryptocurrencies offer high return potential, they also carry high volatility and risk. Claims of "AI-controlled trading" or "guaranteed profits through quantitative strategies" are typically fraudulent lures. The public should remain vigilant against the "impossible triangle" of high returns, low risk, and low entry barriers.