evidence: Elon Musk deepfake crypto scam highlights risks to Hong Kong as AI-related fraud rises - The Securities and Futures Commission has warned of a fraudulent crypto trading platform called Quantum AI, a long-time scam that uses deepfakes of Elon Musk - Hong Kong has proven particularly susceptible to AI-related scams, with fintech industry fraud growing 3.8 per cent in the first quarter In its public warning on May 8, the SFC said that Quantum AI makes claims of being able to earn "too-good-to-be-true" returns and the regulator made a request to the Hong Kong Police Force to block access to related websites and social media pages. The linked domains were inaccessible as of this week, and the Facebook groups appear to have been removed. [...] The Quantum AI scam dates back at least a year, although it seems to be recycled with different variations used to target different groups.