Authorities in Spain have arrested six people who helped operate a global AI-powered investment scam that stole over $20 million from at least 208 victims.
The scammers would swindle victims up to three times. After stealing an initial sum through the data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/victim-of-a-crypto-scam-heres-what-to-do-next” rel=”null” target=”null” text=”null” title=”null”>investment scam, the fraudsters contacted victims twice more, masquerading as investment managers and then as authorities, offering to recover the stolen funds for a fee, Spanish police data-ct-non-breakable=”null” href=”https://www.policia.es/_es/comunicacion_prensa_detalle.php?ID=16521#” rel=”null” target=”null” text=”null” title=”null”>said in an April 7 statement.
The data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/how-ai-and-deepfakes-are-fueling-new-cryptocurrency-scams” rel=”null” target=”null” text=”null” title=”null”>scammers used deepfake ads of “national personalities” promising high returns…
