Crypto Investment
An elderly woman lost RM10.4 million after being duped by a cryptocurrency investment scam says Bukit Aman Commercial Crime Investigation Department (JSJK) director Datuk Seri Ramli Mohamed Yoosuf.
The police received a report from the 80-year-old victim on Friday who started participating in the investment scheme after being included in a WhatsApp group that promotes crypto-currency-based schemes.
“Through the group, the victim dealt with a man who would supposedly advance money for crypto purchases.
“The victim is then asked to make a refund after the crypto purchase is successful,” the police said in a statement on Saturday.
He said, deceived by the trick used, the victim made 13 transactions to several bank accounts in the name of eight companies totalling RM10.4 million. The victim began to doubt the validity of the investment when asked to make several additional payments for various reasons.
The opening ceremony witnessed the presence of senior representatives from diplomatic missions, government agencies, trade…
Malaysian businesses prepare for US-Iran tensions by strengthening risk strategies to ensure stability amid potential…
The US will impose 10% to 12.5% tariffs on 60 trading partners over forced labor…
KIPREIT posts record FY26, strong outlook with Setapak Central acquisition, AEIs, and rental reversions supporting…
Analysts expect cautious trading in KLCI today due to Wall Street declines, new tariffs, and…
Rystad warns oil prices hinge on resilience of flows, with escalation risks tightening markets and…
This website uses cookies.
