A fraudulent crypto exchange platform used AI-generated videos of Elon Musk and misleading information to promote crypto trading services.
Hong Kong authorities closed in on an unlicensed, fraudulent cryptocurrency exchange that faked affiliation with Tesla CEO and Dogecoin (DOGE) proponent Elon Musk.
The Hong Kong Securities and Futures Commission (HKSFC) issued a warning against Quantum AI, an entity that claims to offer artificial intelligence (AI)-based crypto trading services.
Hong Kong-based Quantum AI claimed direct affiliation with Musk on its now-defunct website. It stated that Musk developed the underlying AI technology for crypto trading. Additionally, the entity was found displaying AI-generated videos and images of Elon Musk on its website and social media handles.
