Hong Kong police arrested 27 people it accused of running an AI deepfake crypto scam operation from a 4,000-square-foot industrial building in the region.
Hong Kong police have busted an alleged scam center and arrested 27 people accused of using artificial intelligence deepfakes to carry out a crypto romance investment scam that defrauded victims more than $46 million.
The scammers used AI deepfakes to trick victims into thinking they were developing romantic relationships with real women before being lured into the crypto investment scam, the Hong Kong Police Force told local media on Oct. 14.
Victims were defrauded out of a total of $46.3 million (360 million Hong Kong dollars), the police claimed.
