Tag: Crypto scam
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Deepfake minister video dupes retiree in crypto scam
Overview A 75-year-old retiree from Singapore fell for a cryptocurrency investment scheme after being exposed to a deepfake video that appeared to feature a government minister endorsing the opportunity. The video led him to invest more than S$4,000, a sum he believed would yield high returns. This incident underscores how sophisticated misinformation can target seniors…
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Deepfake Surgery: Retiree Lured by Video to Invest in Crypto Scam
How a Deepfake Video Tricked a Trusting Investor A recent case shows how convincing technology can be used to deceive even careful, financially prudent individuals. A 75-year-old retiree, referred to here as Mr. Victor, was drawn into a cryptocurrency investment scheme after encountering a video that appeared to feature a respected public figure—a Singapore minister—endorsing…
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Deepfake Investment Scam: Retiree Loses $4,000
Introduction: A High-Tech Trick Hits Close to Home In a troubling example of how convincing technology can mislead, a retiree in Singapore was lured into an investment scheme after watching a deepfake video. The clip, portraying a government minister endorsing a cryptocurrency opportunity, appeared credible enough to persuade the 75-year-old to part with more than…