Bitcoin
Fideuram Loses €39.5 Million in Crypto After Deepfake Voice Scam Targets Executives
Scammers used artificial intelligence voice cloning to siphon roughly €95 million from Italian wealth manager Fideuram, leaving €39.5 million converted into cryptocurrency.
In February, fraudsters targeted Italian wealth management firm Fideuram, an Intesa Sanpaolo subsidiary managing €450 billion, tricking the institution into sending nearly €95 million to accounts in China and Hong Kong.
According to reports reconstructed by Corriere della Sera, Fideuram president Paolo Molesini received a WhatsApp message purportedly from Intesa Sanpaolo CEO Carlo Messina requesting urgent foreign transfers. The operation was reinforced by a phone call using an AI-synthesized voice clone of Paolo Nastasi, a managing partner at A&O Shearman Italia known personally to Molesini.
Following bank freezes secured in China and Portugal with assistance from Milan prosecutors, the bank recovered €53 million. The remaining €39.5 million was converted into cryptocurrency, where investigators continue tracking public ledger movements to trace the funds.
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