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Quantum AI Impersonation Scam
The Hong Kong Securities and Futures Commission (SFC) has issued a warning to the public regarding Quantum AI, an entity engaged in fraudulent activities related to virtual assets and impersonating Elon Musk.
- Quantum AI claims to leverage artificial intelligence technology for cryptocurrency trading services.
- The SFC raised suspicions that Quantum AI deceived the public by impersonating Elon Musk and using deepfake videos and photos to create a false association with the platform.
SFC Actions Against Quantum AI
The SFC has taken action against Quantum AI for disseminating false information through an undisclosed news website to promote its crypto trading services.
- The Hong Kong Police Force has intervened to block Quantum AI’s website and social media pages.
- Authorities remain vigilant to prevent ongoing fraudulent activities.
Investor Security Concerns
The SFC has also warned against other fraudulent activities in the virtual asset space, including:
- Cautioning the public against the fake crypto exchange MEXC, which enticed victims through social media with free investment advice.
- Identifying suspicious websites impersonating licensed virtual asset trading platforms like HSKEX and OSL Digital Securities Limited.
Alerts on BitForex and Bybit
The SFC issued public notices regarding BitForex and Bybit, highlighting:
- Suspected virtual asset fraud involving BitForex and the risks of dealing with unlicensed entities.
- The caution against using Bybit and identifying 11 of its products as suspicious investments due to potential financial risks for investors.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
