Overview

• Hong Kong police arrested 27 individuals involved in a deepfake romance scam targeting men from Taiwan, Singapore, India, and other regions.
• The scam used AI-generated deepfake technology to create convincing video calls featuring fake personas of attractive women.
• Victims were manipulated into investing in a fraudulent cryptocurrency platform, leading to losses exceeding $46 million.
• The suspects, aged 21 to 34, included university graduates in digital media and technology, who were recruited to develop the scam's infrastructure.
• This case marks the first time Hong Kong authorities have dismantled a local fraud syndicate utilizing deepfake technology.