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Hong Kong Police Bust Group Running $46M Crypto Investment Scam Using Deepfakes

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Callan Quinn is a Hong Kong-based news reporter at CoinDesk. She holds more than $1,000 of ETH.

Hong Kong police have shut down a group running a HK$360 million cryptocurrency investment scam out of an office in the Hung Hom area of the city.

"It is rare to find a cross-border fraud center that is quite large, well-organized, has a careful division of labor, and operates physically in Hong Kong," said Yiu Wing-kin, superintendent of the New Territories South Crime Headquarters.

 

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