As part of an elaborate operation aimed at victims using artificial intelligence, Hong Kong police have intercepted more than HK$ 34 million ( US$ 3.37 million ) in scam proceeds.
The investigation also revealed some of the book tactics being used by native romance scam users, according to a report released by the South China Morning Post on Saturday.  ,
Some revolved around pretending to be wealthy single women, with conversational prompts including learning Japanese, playing golf, and tasting red wine worth more than HK$ 100, 000 ($ 12, 850 ) a bottle, per the report.
When officers apprehended 31 individuals, methods like those were recorded in notes seized by local law enforcement.  ,
The prosecutions were a result of a coordinated effort against a crime gang that used AI to create believable images of beautiful women to entice victims into romantic and investment scams.
Former Dallas police officer and CEO of Crypto Track Byron Boston stated to that” the inclusion of social engineering frauds and algorithmic systems presents significant challenges for crypto investigators and regulation protection.”
He explained that AI-generated pictures make criminals more compelling and make them more sophisticated and sophisticated schemes.
” For instance, in November 2022, a algorithmic video imitating FTX creator Sam Bankman-Fried was used in a phishing scheme to pin FTX users to attempt to discharge their crypto assets”, Boston highlighted.  ,
Social engineering scams are treacherous, he added, because they frequently involve labor-intensive work to elicit patients ‘ confidence.
The fugitive organization’s goal was to recruit young people who wanted to make money fast, according to the seized notebooks. They attempted to convince their subjects they were accomplished people in Taiwan, Singapore, and Malaysia.
Boston noted that “while these advanced techniques pose significant hurdles, productive collaboration, and timely action are essential for combating these legal actions” . ,
However, these abilities are also lacking, and Boston added that “many local law enforcement agencies in the U.S. lack the necessary tools and experience to track stolen cryptocurrency or coordinate recovery efforts with international exchanges,” Boston continued.
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