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Scammers used AI deepfake tools to create fake online personas, tricking victims in video calls.

Ars Technica

United States

Deepfake lovers swindle victims out of $46M in Hong Kong AI scam - WorldNL Magazine

Globally, there is an increase in online and phone frauds. These frauds frequently include impersonation, emotional manipulation, and promises of quick gains. Deepfake technology has given these schemes a new dimension, resulting in incredibly convincing fake identities and movies. According to a report by CNN, men had fallen prey to a romance scam that used deepfake artificial intelligence to lure its victims into parting with more than $46 mil…

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Gautam Adani

New Delhi

Delhi Division

Delhi

India

Hong Kong Busts Deepfake Scam, $46 Million Stolen In Romance Fraud

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A total of 27 people between the ages of 21 and 34 were taken into custody suspected of conspiracy to defraud following a raid on a Hong Kong office.

Coin Desk

Manila

Metro Manila

Philippines

Hong Kong Police Bust Group Running $46M Crypto Investment Scam Using Deepfakes - WorldNL Magazine

A deepfake romance scam that netted millions from across Asia has led to the arrest of several Hong Kong tech and digital media graduates. A seemingly beautiful woman had captured the hearts of men across Asia, but their online romance was a carefully crafted illusion. Hong Kong police revealed the woman was a deepfake, part of a scam that defrauded victims of over $46 million. During a press conference on Monday, Hong Kong police announced the …

IBTimes UK

IBT Media

United Kingdom

Hong Kong Tech And Digitial Media Graduates Arrested For $46M Deepfake AI Scam Targeting Men In Singapore And India

Some victims were deceived during video calls, police said, because the deepfake technology was used to make the scammers look and sound like women.

decrypt.co

New York

Hong Kong Police Arrest 27 Linked to AI Deepfake Crypto Romance Scams

The police arrested 27 suspects during an operation dubbed "Secret Word" and seized over HK$200,000 ($25,742) in cash during an on-site raid.

CryptoPanic

Hong Kong police bust $46 million romance fraud scheme involving crypto

The post Deepfake Crypto Scam: Hong Kong Police Arrest 27 in $46M Fraud Operation appeared first on Coinpedia Fintech News An international fraud gang has been unmasked for conning people through fake investments in virtual currencies. Hong Kong police have recently disbanded a transnational $46 mil...

http://coinprofitnews.com

Deepfake Crypto Scam: Hong Kong Police Arrest 27 in $46M Fraud Operation

Hong Kong authorities recently shut down a major cryptocurrency investment scam that duped unsuspecting victims of about HK$360 million (about $46.35 million) The operation was conducted at a factory in the Hong Hom area of ​​the city. 27 people, aged between 21 and 34, were arrested in the police operation last week. They are charged with conspiracy to commit fraud and possession of a firearm. Several of those detained were digital media gradua…

The Crypto Times

Hong Kong Police Unmask $46 Million Crypto Scam Operation

Hong Kong authorities arrested 27 suspects in connection with a large-scale cryptocurrency fraud scheme that defrauded victims of HK$360 million ($46.3 million). The arrests were part of a special operation, dubbed “Secret Word,” launched earlier this month by the Hong Kong police. Local news outlet HK01 reported that the fraud ring had been running online romance scams for about a year, luring victims into investing in cryptocurrency. More than…

FinanceFeeds

Hong Kong Police Arrest 27 In $360 Million Romance Scam - FinanceFeeds

According to CoinDesk, Hong Kong police have dismantled a cryptocurrency investment scam worth HK$360 million ($46.35 million) operating out of an office in the Hung Hom area. The operation led to the arrest of 27 individuals aged between 21 and...

coinbuzzfeed.com

Hong Kong Police Dismantle $46 Million Cryptocurrency Scam

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Deepfake lovers swindle victims out of $46M in Hong Kong AI scam - WorldNL Magazine

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