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The AI-powered trading platform DNA Pro was used in a fraudulent investment scheme, leading to financial losses exceeding Rp 97 billion for thousands of victims. Authorities are investigating, with hundreds of victims filing police reports, as the platform's operators allegedly used a pyramid scheme and failed to deliver promised returns.[AI generated]
Why's our monitor labelling this an incident or hazard?
The article explicitly mentions the use of a 'robot trading' system, which qualifies as an AI system due to its automated trading function. The event describes direct financial harm to many victims caused by the use and malfunction/misuse of this AI system in an illegal investment scheme. The harm is materialized and significant, meeting the criteria for an AI Incident under the framework. Therefore, this event is classified as an AI Incident.[AI generated]
