A CHEF in his 50s has lost more than RM200,000 after being lured into a cryptocurrency investment scam by an individual he met through a smartphone application.
The victim was approached by the suspect at his home in Ampang in September last year and persuaded to invest in cryptocurrency, according to a source.
"The victim, who was interested in the offer, downloaded an application provided by the suspect, purportedly for investment transactions.
"He subsequently made several money transfers to bank accounts provided by the suspect," the source said.
The suspect continued persuading the victim to inject more money into the investment, with the final transfer made in June this year.
The victim was promised that his investment capital would be returned in August. However, neither the promised returns nor his initial investment of more than RM200,000 materialised.
Realising he had been cheated, the victim lodged a police report at the Ampang police station on Sunday, seeking further action. - November 10, 2026
