According to a Reuters report, a scammer in Northern China used highly advanced 'deepfake' technology and convinced a man to transfer money into his account. The scammer used AI-powered face-swapping technology and impersonated the victim's close friend.

The police in Baotou city, as per the report, said that the fraudster impersonated the victim's friend while being on video call and asked him to transfer 4.3 million yuan (around Rs 5 crore).

The victim, believing that his friend was in dire need of money during a bidding process, transferred the amount. The police also revealed that the victim realised what had transpired only after his friend (whom the scammer impersonated) expressed 'ignorance at the situation'. Also, the police have recovered most of the stolen funds and are working to trace the rest of the amount.