According to Italian media outlet Milano, in February 2026, former Fideuram Chairman Paolo Molesini received a WhatsApp message impersonating Intesa Sanpaolo Group CEO Carlo Messina, followed by an AI-generated voice call impersonating lawyer Paolo Nastasi. Molesini then instructed the finance department to transfer approximately €95 million to accounts in mainland China, Hong Kong, and other locations. Fideuram later recovered around €40 million, while Portuguese authorities froze an additional €13 million. At least €36 million was subsequently converted into crypto after multiple overseas transfers. Molesini was not investigated and resigned as chairman on March 12, citing “personal reasons.”