A New Zealand pensioner lost $224,000 to a deepfake cryptocurrency scam, highlighting the dangers of online fraud and the need for vigilance.
A New Zealand pensioner has tragically lost her life savings of $224,000 to a sophisticated deepfake cryptocurrency scam that exploited her trust in a fabricated endorsement from Prime Minister Christopher Luxon. The incident highlights the growing threat of online scams and the need for increased vigilance among investors.
The victim, who inherited a significant sum from her late mother, was eager to invest her savings. After responding to a seemingly legitimate investment opportunity, she was contacted by a man claiming to be Adam Manolas, an investment adviser. He explained the investment process and sent her software called AnyDesk, which allowed him remote access to her computer.
Over the next 26 days, the victim watched as Manolas transferred funds from her bank account to purchase Bitcoin, believing her investments were secure. However, unbeknownst to her, the Bitcoin was being sent to accounts controlled by the scammers.
In a heartfelt email to the scammers, the victim expressed her anger and despair, stating, "Evil will come to you." She felt a mix of emotions, from anger to shame, as she realized she had been conned. The financial repercussions were devastating, leaving her uncertain about her future.
A computer expert who assisted the victim revealed that the scammers were likely part of a larger international network, using crypto exchanges to launder stolen money. The expert noted that the scammers had preyed on the victim's limited technological knowledge, gaining her trust and confidence.
In response to the incident, a spokesperson for Prime Minister Luxon emphasized that he would never endorse a specific investment and urged New Zealanders to remain vigilant against scams. The government is actively seeking ways to help citizens protect themselves online.
Despite the victim's attempts to recover her funds, both her bank and the cryptocurrency platforms stated that she had authorized the transactions, leaving her with little recourse. The bank noted that she had failed to take reasonable care by allowing remote access to her device.
This incident serves as a stark reminder of the importance of safeguarding personal information and being cautious with online investments. Here are some key lessons:
As online scams become increasingly sophisticated, it is crucial for individuals to remain vigilant and informed. The story of this pensioner serves as a cautionary tale, highlighting the need for greater awareness and protective measures against fraud in the digital age.
