PANews January 5 report, according to Phoenix News, the Hong Kong police recently dismantled a scam group that used Deepfake technology to deceive others into investing in virtual currencies, with an amount involved of approximately 34 million yuan. The group used false identities on social media platforms to build trust with victims before luring them into investing in fake platforms and quickly transferring funds. The police arrested 31 people at a scam center in Kowloon Bay, among whom 5 were charged with conspiracy to commit fraud and money laundering, and the case is still under further investigation.