Hong Kong Securities and Futures Commission warned the public to beware of Quantum AI's alleged involvement in virtual asset-related fraud. It is reported that Quantum AI claims to use its related artificial intelligence technology to provide cryptocurrency trading services. The Securities and Futures Commission suspects that Quantum AI used deepfake videos and photos made by artificial intelligence, impersonating Mr. Elon Musk, on its website and social media to deceive the public into thinking that Mr. Musk is the developer of Quantum AI's related technology. The Hong Kong Police Force has responded to the Securities and Futures Commission's request and taken action to block Quantum AI's website and remove its related social media pages. Although the police have taken action, the public should beware that scammers may continue to establish websites and social media pages with similar domain names.