News with the tag "Hong Kong Crypto Scam"

In a shocking incident, the Hong Kong government has unveiled a sophisticated crypto scam, involving a fake social media account impersonating the city’s Chief Executive. The scammers used the account to promote a fake cryptocurrency called “National Hong Kong Coin”, prompting a swift warning from t...

Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$2.55 million (US$326,130), a significant increase from last year’s 553 notes worth HK$166,220. Th...

In a recent advisory, the Hong Kong Securities and Futures Commission (SFC) issued a stern warning about a cryptocurrency scam involving deepfake technology. This sophisticated scam uses AI-generated videos of tech entrepreneur Elon Musk to promote a fraudulent trading platform known as “Quantum AI....

The defunct Atom Asset Exchange (AAX) in Hong Kong has started moving large amounts from inactive wallets. Ether worth over $56 million has been moved to different trading platforms, which has caused doubts about the objective of these transactions. Funds Movement Sparks Concern Cyvers Alerts, a blo...