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Hong Kong police cracked down on a scam group that used deepfake technology to trick others into investing in virtual currency, involving about 34 million yuan

Hong Kong police recently busted a virtual currency fraud group that used deepfake technology to lure others into investing through social media platforms, involving about 34 million yuan. Hong Kong police's commercial crime department arrested 31 people between the ages of 20 and 34 last week in two office buildings in Kowloon Bay, some of whom claimed to be students or unemployed, involved in the same fraud group, and seized their pre-set "scripts".

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