Crypto VC partner loses ‘life savings’ during fake Zoom call

Crypto VC partner loses ‘life savings’ during fake Zoom call

Crypto VC partner loses ‘life savings’ during fake Zoom call

Hypersphere investment partner Mehdi Farooq said he lost six wallets and years of savings after falling victim to a fake Zoom call phishing attack.

Mehdi Farooq, an investment partner at crypto venture capital firm Hypersphere, revealed on Thursday that he lost a significant portion of his life savings in a targeted phishing attack orchestrated through a fake Zoom call.

In a post on X, Farooq explained that the attack began with a message on Telegram from Alex Lin, someone he knew. “He wanted to catch up,” Farooq recounted.

The two had previously interacted, making the outreach seem routine. Farooq then shared his Calendly link with Lin, who scheduled a meeting for the next day.

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