{"id":17805,"date":"2024-10-16T10:22:20","date_gmt":"2024-10-16T07:22:20","guid":{"rendered":"https:\/\/forklog.com\/en\/fraudsters-exploit-deepfakes-to-swindle-46-million-from-love-struck-men\/"},"modified":"2024-10-16T10:22:20","modified_gmt":"2024-10-16T07:22:20","slug":"fraudsters-exploit-deepfakes-to-swindle-46-million-from-love-struck-men","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fraudsters-exploit-deepfakes-to-swindle-46-million-from-love-struck-men\/","title":{"rendered":"Fraudsters Exploit Deepfakes to Swindle $46 Million from Love-Struck Men"},"content":{"rendered":"<p>Fraudsters employed deepfake technology to impersonate attractive women during video calls, deceiving love-struck men into &#8220;investing&#8221; in cryptocurrencies. This was reported by <a href=\"https:\/\/www.scmp.com\/news\/hong-kong\/law-and-crime\/article\/3282345\/hong-kong-fraudsters-use-deepfake-tech-swindle-love-struck-men-out-hk360-million\">SCMP<\/a>, citing Hong Kong police.\u00a0<\/p>\n<p>In October 2023, the syndicate established an operational center in a 4000-square-foot industrial building in the Hung Hom constituency and began recruiting staff. University graduates specializing in digital media were among those employed.\u00a0<\/p>\n<p>The group developed fake trading platforms used to lure victims into investing in cryptocurrencies. They targeted individuals through social and computer networks.<\/p>\n<p>Authorities reported the arrest of 27 individuals. Victims included men from Hong Kong, mainland China, Taiwan, India, and Singapore. The total loss amounted to 360 million Hong Kong dollars ($46.3 million).<\/p>\n<p>This marks the first instance of local authorities dismantling a fraudulent syndicate that used deepfake technology with artificial intelligence to deceive people, notes SCMP.<\/p>\n<p>Previously, fraudsters swindled an 82-year-old retiree out of $690,000 by creating a realistic face of Elon Musk, who offered an &#8220;attractive investment opportunity.&#8221;<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklogAI\/5089\" data-width=\"100%\"><\/script><\/p>\n<p>Earlier, in September, CertiK warned that attacks using AI and deepfakes were extending beyond video and audio. They could potentially target crypto wallets.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fraudsters employed deepfake technology to impersonate attractive women during video calls, deceiving love-struck men into &#8220;investing&#8221; in cryptocurrencies. This was reported by SCMP, citing Hong Kong police.\u00a0 In October 2023, the syndicate established an operational center in a 4000-square-foot industrial building in the Hung Hom constituency and began recruiting staff. University graduates specializing in digital [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1250,1246],"class_list":["post-17805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-deepfakes","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=17805"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/17804"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=17805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=17805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=17805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}