Hong Kong Women Lose Over HK$9.7 Million to Crypto Scammers
- Surge in Fraud Cases: Hong Kong police reported over 80 cryptocurrency fraud cases in a single week, with total losses exceeding HK$80 million (approximately US$10.2 million), highlighting the severity and frequency of crypto scams in the region.
- AI Investment Scam: A woman was contacted on Telegram by a scammer posing as an investment expert, who promised high returns through 'quantitative trading' and 'AI algorithms', ultimately leading to a loss of over HK$7.7 million (around US$1 million), revealing the strategy of scammers exploiting crypto's high-return reputation.
- Romance Scam Tactics: Another woman developed an emotional relationship with a scammer on Instagram, who later requested a handling fee of HK$40,000 (about US$5,000) to open an account on a fake investment platform, resulting in a total loss of over HK$2 million (approximately US$256,000), demonstrating the long-term manipulation characteristic of romance scams.
- Public Warning: Police urged the public to be cautious of unsolicited contact from self-proclaimed investment experts and to remain wary of overly affectionate online relationships, especially when they involve requests for money, emphasizing the rising trend of crypto scams and protocol hacks.
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Technical Analysis for G
Technical Sentiment Analysis for Gravity (G). As of , Gravity (G) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 2 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for G stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, G is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Gravity (G) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00312 | 0.00336 | 0.00355 | 0.00379 | 0.00398 | 0.00422 | 0.00441 |
| Fibonacci | 0.00336 | 0.00353 | 0.00363 | 0.00379 | 0.00396 | 0.00406 | 0.00422 |
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