Employee loses funds worth $25 million in deepfake scam

Deepfake scammers tricked an employee at a multinational firm into sending over $25 million of company funds, stated Cointelegraph. This is expected to have impersonated many company executives in an online video meeting.

Sources revealed that the scammers used several deepfaked company executives to convince the employee to send $25.5 million of the firm’s funds. The amount is expected to have been initiated through 15 transactions to five bank accounts.