Italian private banking firm Fideuram was deceived by an international scam impersonating executives of its parent company, Intesa Sanpaolo, and transferred approximately 95 million euros (144.5 billion KRW). Of this, 36 million euros (54.7 billion KRW) that was converted into cryptocurrency has not yet been recovered, reported local media outlet Corriere Milano. The report stated, "Fideuram recovered 40 million euros from China after identifying the damage. Furthermore, investigative authorities have frozen an additional 13 million euros in Portugal and are currently tracking the movement of the unrecovered cryptocurrency."
