[New Zealand Lost $160 Million to Fraud in the Past Year, Crypto Scams Target Pacific Communities] According to New Zealand B2B News, economic losses caused by fraud crimes in New Zealand over the past year amounted to approximately $160 million, with losses from affinity fraud reaching about $19 million. Cryptocurrency scammers have exploited the internal trust mechanisms within Pacific communities to promote fraudulent investment schemes. The Pacific communities have contributed approximately $4.8 billion to the local GDP, with related church organizations managing assets exceeding $300 million. In February this year, the New Zealand Financial Markets Authority (FMA) issued a risk warning regarding the unregistered crypto investment scheme BG Wealth Sharing.