Hong Kong police said on their Facebook page “Guardians of the Web” that over the past week they received more than 80 cases of online investment scams, involving losses of more than 80 million HKD. Among them, a woman was lured by a scammer impersonating an “investment expert,” who claimed that using “quantitative trading” and “AI algorithms” could achieve stable returns. She was induced to transfer approximately 7.7 million HKD worth of USDT and ETH to a designated wallet in 17 separate transactions, only to find out she had been scammed when she was ultimately unable to withdraw the funds. The police remind the public that the so-called “high returns, low risk, and low entry barrier” are the typical hallmarks of the “impossible triangle” scam. Members of the public should avoid believing claims such as “AI trading” and “quantitative guaranteed profits,” and verify the authenticity of the platform before investing. (Hong Kong 01)

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