A Hong Kong woman lost over HK$1 million to a fraudulent cryptocurrency scheme that used a fake AI-powered trading app. She was initially drawn in by an advertisement on Facebook, which led her to a WhatsApp group where she was persuaded to download the sham app. After seeing fabricated returns, she transferred a significant sum before realizing it was a scam. Police have reported over 70 similar investment scams in the past week, with total losses exceeding HK$50 million. AI
RANK_REASON This is a scam report, not a genuine AI development or product.
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