Hong Kong police uncover major crypto fraud ring | CryptoTvplus
Hong Kong police have arrested 27 individuals involved in a cross-border scam that tricked victims into investing in fake cryptocurrencies, amassing proceeds exceeding HK$360 million. The fraudsters employed deepfake technology to fabricate romantic relationships, ensnaring victims across Asia, including mainland China, Taiwan, India, and Singapore.
The group operated from an industrial center in Hung Hom, recruiting university graduates as tech specialists. During the raid, police seized over 100 mobile phones, computers, and luxury items. The scam was structured like a corporation, complete with performance rankings.
Authorities condemned the operation for disrupting victims’ lives, calling for societal condemnation of such…
