The Hong Kong police have dismantled a scam group that used Deepfake technology to deceive others into investing in virtual currencies, involving an amount of approximately 34 million yuan. It is reported that the group established trust with victims using fake identities on social media platforms, luring them to invest in fake platforms and quickly transferring the funds. The police arrested 31 people at the scam center in Kowloon Bay, of which 5 have been charged with conspiracy to commit fraud and money laundering, and the case is still under further investigation. The police remind that conspiracy to commit fraud is a serious crime, with a maximum penalty of 14 years in prison. (Phoenix Network)