Retiree loses $250,000 in cryptocurrency scam

Monday 17 November 2025 · 4 outlets · 3 reports · updated Mon 17 Nov 2025, 8:27am

A retired man lost nearly $250,000 after being deceived by scammers posing as cryptocurrency traders. Financial Services Complaints Limited investigated the case and warned that scammers are using increasingly sophisticated methods, such as fake apps and remote access, to target New Zealanders.

How they headlined it

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1. StuffMon 17 Nov 2025, 7:00am

   Retiree loses $250,000 in crypto scam amid warning of rising fraud tactics (opens in new tab)

2. Otago Daily TimesMon 17 Nov 2025, 8:15am

   Scammers target Kiwis with 'extremely sophisticated methods' (opens in new tab)

3. 1News via RNZMon 17 Nov 2025, 8:27am

   Scammers using 'extremely sophisticated methods', one retiree lost $250,000 (opens in new tab)

   Also on RNZ (opens in new tab)