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The Nexus
SECURITYMay 26 · 10:10 UTCSCMP CHINAJess Ma

Hong Kong woman duped out of HK$1 million by fake AI investment app

A Hong Kong woman lost HK$1 million through a fraudulent cryptocurrency scheme disguised as an AI-powered trading app. Police reported over 70 similar scams in a week, causing total losses exceeding HK$50 million. The scam began with a fake Facebook advertisement leading victims to WhatsApp.

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