Hong Kong police arrest 27 in $46m deepfake crypto romance scam
Hong Kong police have dismantled a deepfake romance scam that swindled men out of $46 million through fake cryptocurrency investments.
According to a local report, law enforcement in Hong Kong cracked down on a multinational crypto romance scam, which targeted victims from Hong Kong, Singapore, mainland China, and other regions, and was run by a fraud syndicate using advanced deepfake technology.
Police arrested 27 people, including university graduates and suspected Sun Yee On triad members, who helped run the scheme and set up fake trading platforms that tricked victims into investing in bogus cryptocurrency investments.
Romance scams, sometimes called pig butchering scams, involve scammers posing as love interests to gain…
