Pensioner lost $224k to crypto scam: one year later

By Stuart MacIntosh , 31 October, 2025

As part of cataloging the crypto scams proliferating in New Zealand, I just want to share a link to an article from the Herald one year ago, which reads like it could be just as true today.

https://www.nzherald.co.nz/nz/pensioner-loses-224k-after-being-tricked-by-ai-deepfake-christopher-luxon-cryptocurrency-investment-scam/YLG3EQMOAZATVARBL5ITDRL2DA/

One year later, has anything really changed? I think not, and Prime Minister Luxon's failure to condemn Bitcoin and crypto as illegal Pyramid schemes speaks volumes to me. How hard is it to call an obvious scam what it is: a scam?

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