Hong Kong busts crypto scam that used AI deepfakes to create ‘superior women’
The scam saw fraudsters in Hong Kong use AI tech to swap their faces with those of beautiful women to get victims to invest in crypto.
Read more (2 min) →14 stories, newest first
The scam saw fraudsters in Hong Kong use AI tech to swap their faces with those of beautiful women to get victims to invest in crypto.
Read more (2 min) →Hong Kong police arrested three individuals accused of stealing HK$3.11 million (~$400,000) worth of Tether using fake banknotes.
WorldCoin and its iris-scanning orbs are set to be kicked out of Hong Kong after being found to violate city privacy laws by a data watchdog.
The father-son duo reportedly owned the car linked to the kidnapping of a crypto investor whom the father invested crypto with.
In a statement, Hong Kong regulators said, "no entity in the Bybit group is registered to conduct any 'regulated activity' in Hong Kong.”
The rate of crypto crime in Hong Kong has reportedly tripled over the past three years, with documented cases in 2023 involving $611 million.
Hong Kong's Securities and Futures Commission listed the Hounax exchange as suspicious this month after it faked ties with a VC firm.
The man is one of four recent arrests in connection to JPEX, the Dubai-based crypto firm that has seen losses of up to $191 million.
Hong Kong-based JPEX has suspended trading and seen one person arrested amid claims it's been operating in the country without a license.
The victim says she was handed a bundle of fake notes in return for $128k in tether while the shop's 'owner' fled through a back door.