An Alaskan couple lost nearly $1.2 million to con artists who used a complex scheme to convert their retirement savings into cryptocurrency. The government claims that the scammers and their elderly Alaska and Arizona-based victims are not identified in the civil forfeiture documents filed. The federal authorities’ version of events is that the victims saw a message box appear, claiming to be from Microsoft, and were met by con artists pretending to be from Microsoft and the investment firm Morgan Stanley. The victims wired money to a California bank at the con artists’ direction, where it was converted to cryptocurrency in an untraceable account at the Binance US virtual currency exchange.

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