Cointelegraph - Hong Kong cracked down on a fake crypto exchange, Quantum AI, that used Elon Musk's image and promises of high returns to deceive investors

in blockchain •  9 months ago 

https://cointelegraph.com/news/elon-musk-deepfake-ai-crypto-fraud-hong-kong
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Hong Kong regulators shut down a fraudulent crypto exchange called Quantum AI that used fake endorsements from Elon Musk and misleading information to lure investors.

Quantum AI claimed Musk developed their AI and displayed AI-generated videos of him to appear legitimate.

The Hong Kong SFC believes they aimed to exploit unsuspecting investors with promises of unrealistic returns.

Beware of Quantum AI exchange!!

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blockchain horror hong-kong fake crypto exchange quantum-ai elon-musk
9 months ago by

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      ·  9 months ago 

    Upvoted! Thank you for supporting witness @jswit.

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