Hong Kong police have dismantled a criminal group using deepfake technology to deceive individuals into investing in fraudulent cryptocurrency schemes worth approximately $34 million yuan. The scam involved creating fake identities on social media platforms to gain victims' trust before persuading them to invest in bogus cryptocurrency platforms, then quickly transferring the funds. This represents a new evolution in crypto-related fraud, with scammers moving beyond targeting cryptocurrency influencers to focusing on legitimate project communities. Scam Sniffer has detected a shift in tactics, with criminals using seemingly harmless invitations with phrases like 'No need to sign anything or connect your wallet...' to lure victims. Identified fake bot accounts include OfficiaISafeguardRobot and SafeguardsAuthenticationBot. The case highlights the increasing sophistication of cryptocurrency scams and the need for enhanced security awareness among investors, particularly as deepfake technology becomes more accessible and convincing.