Malaysia

Kuching woman loses RM1.4 mil in crypto investment scam

Traditional medicine shop owner falls prey to online ‘friend’

Updated 3 years ago · Published on 19 May 2023 3:13PM

Kuching woman loses RM1.4 mil in crypto investment scam
Sarawak police commissioner Datuk Mohd Azman Ahmad Sapri (second from right) notes that between January 1 and April 30 this year, the Sarawak Commercial Crime Investigation Department has recorded 67 scam cases involving losses of RM5.9 million. – The Borneo Post pic, May 19, 2023

KUCHING – A 40-year-old woman here has become the latest known victim of a cryptocurrency investment scam, which saw her losing RM1.4 million.

Sarawak police commissioner Datuk Mohd Azman Ahmad Sapri said the traditional medicine shop owner lodged a police report on the scam yesterday.

“The victim claimed that she was offered the investment opportunity from a friend she had met online.

“That person then sent her a link via WhatsApp, where she was told to fill in her personal details,” he told a press conference at the Sarawak police contingent headquarters here today.

Azman said the victim was drawn to join the “crypto exchange” investment due to its promise of high returns.

According to the victim, the investment returns were shown in a graph made available in an app.

The victim made a total of 34 deposits totalling to RM1.4 million into 25 different bank accounts between February 1 and May 5.

“The victim only received RM3,260 from the scammers on Feb 1. Since then, she did not receive any further returns and realised that she was scammed,” said Azman.

Between January 1 and April 30 this year, the Sarawak Commercial Crime Investigation Department (CCID) has recorded 67 scam cases involving losses of RM5.9 million.

Within the same period last year, the Sarawak CCID recorded 66 scam cases involving losses of RM2.8 million.

“This is an increase of RM3.1 million in losses,” Azman said, adding police have arrested 18 suspects and opened 28 investigation papers.

He advised the public to be wary of investment opportunities that are “too good to be true” and to never share personal information on website links.

The public can check account numbers of suspected scammers at https://semakmule.rmp.gov.my or call the National Scam Response Centre on 997. – Borneo Post Online, May 19, 2023

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