Security· ★★★· bearish·

AI voice scam steals €95M from Fideuram, part converted to crypto

  • —Scammers impersonated Intesa Sanpaolo CEO Carlo Messina and lawyer Paolo Nastasi
  • —About €95 million was sent to mainland China, Hong Kong and other destinations
  • —Fideuram recovered €40 million; Portugal froze a further €13 million
  • —At least €36 million was converted to crypto, prompting an international manhunt
Why it matters: The case highlights how quickly stolen fiat can move into crypto, shrinking the window for banks and investigators to freeze and recover funds.
Source: The Cryptonomist (IT)
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