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Hong Kong police have uncovered a local cybersyndicate that used deepfake technology to lure victims into fictitious crypto investment schemes. Hong Kong police said on Monday that they had arrested 27 people, including university graduates, who were recruited by the syndicate to set up fake trading platforms and websites for fictitious crypto companies. Most of the syndicate members were between the ages of 21 and 34.
According to law enforcement, the cybersyndicate opened an operations center in Hong Kong’s industrial district in October last year and began recruiting tech graduates.
The criminals recruited their victims through social media and dating sites, where they used deepfake technology during video calls to replace their faces with those of attractive women. Once the criminals had reached a level of trust with their victims, they offered them “investments in high-yield cryptocurrencies.”
According to police, the victims included men from Hong Kong, mainland China, Taiwan, India and Singapore. Their combined losses amounted to more than HK$360 million ($46 million).
During the search, police found a scoreboard where the results of the competition were kept for members of the cyber syndicate who had defrauded the most victims. “The results were listed on the board for everyone to see.
The one who topped the list last month received a prize of $266,000,” a police spokesman said.
source : https://english.dotdotnews.com/a/202410/14/AP670cf1d9e4b0b10d45ddc65a.html
According to law enforcement, the cybersyndicate opened an operations center in Hong Kong’s industrial district in October last year and began recruiting tech graduates.
The criminals recruited their victims through social media and dating sites, where they used deepfake technology during video calls to replace their faces with those of attractive women. Once the criminals had reached a level of trust with their victims, they offered them “investments in high-yield cryptocurrencies.”
According to police, the victims included men from Hong Kong, mainland China, Taiwan, India and Singapore. Their combined losses amounted to more than HK$360 million ($46 million).
During the search, police found a scoreboard where the results of the competition were kept for members of the cyber syndicate who had defrauded the most victims. “The results were listed on the board for everyone to see.
The one who topped the list last month received a prize of $266,000,” a police spokesman said.
source : https://english.dotdotnews.com/a/202410/14/AP670cf1d9e4b0b10d45ddc65a.html