# Telegram Scam Related Articles

Hong Kong Crypto Scam Shock: Woman Loses Nearly $1 Million As AI Fraud Surges

Hong Kong Crypto Scam Shock: Woman Loses Nearly $1 Million As AI Fraud Surges A Hong Kong woman lost HK$7.7 million (approximately $982,000) after being lured into a fraudulent cryptocurrency investment platform. The scam began on Telegram, where a person posing as an investment expert promoted an AI-powered trading strategy with guaranteed returns. After making 17 transfers of USDT and Ethereum, the victim was unable to withdraw her funds. Hong Kong Police have reported a significant surge in such online investment fraud, with over 80 cases recorded in a single week, totaling losses of nearly HK$80 million. Authorities warn that scammers are increasingly using sophisticated tactics, including promises of "AI trading" and "guaranteed profits," to appear credible. This follows a similar incident last month where a retiree lost HK$6.6 million in a multi-stage scam. Police urge the public to be cautious of unsolicited investment advice and to verify platforms through the official CyberDefender service before transferring any money. They emphasize that no legitimate investment can guarantee returns. Investigations are ongoing.

bitcoinist04/19 14:01