Malaysia

Supervisor loses almost RM1 mil in cryptocurrency scam

Victim receives offer to join investment offering 20 to 50% dividends from Whatsapp contact

Updated 3 years ago · Published on 24 Aug 2023 4:11PM

Supervisor loses almost RM1 mil in cryptocurrency scam
A man has lost RM980,000 after investing in a cryptocurrency trading scheme that had promised him up to 50% in dividends. – Pixabay pic, August 24, 2023

MIRI – A company supervisor allegedly lost RM980,000 after investing in a cryptocurrency trading scheme that had promised him up to 50% in dividends. 

State police chief Datuk Mohd Azman Ahmad Sapri said the victim who is in his forties said he lost RM980,000 after investing in the cryptocurrency trading scheme following an offer from a WhatsApp contact to join the investment. 

“The victim was lured into linking up with a social media platform on a website after being offered dividends between 20 to 50%.

“He said in his report that between last month and now, he had invested RM980,000 via bank transactions into 34 different bank accounts. 

“He realised he had been scammed after getting nothing in return,” he said. 

Azman again warned the public not to be easily taken in by so-called investments from unknown or unfamiliar sources. 

Check thoroughly with the relevant government bodies or Bank Negara and the Securities Commission Malaysia before taking up any investment schemes, he said. – The Vibes, August 24, 2023

Related News

Malaysia / 1mth

E-hailing driver helps save 71-year-old from losing another RM10k in suspected love scam

Malaysia / 4mth

Southeast Asia’s booming scam industry eyes Malaysia

Malaysia / 5mth

Miri man loses over RM257k in online investment scam

Malaysia / 6mth

Retired teacher loses over RM160,000 in phone scam

Malaysia / 7mth

Doctor loses RM3.8m to IPO fraud syndicate

Malaysia / 7mth

56-year-old man loses RM1.5m to female actress in Selangor land scam

Spotlight

Malaysia

Man found dead on massage chair

Education

Haze: Schools in Johor to reopen this Monday

Malaysia

Police looking for owner and driver of car spotted with two men on it

Malaysia

Farhash files defamation suit against Rafizi

Malaysia

Melaka PRN: Only seven seats for PAS-PN, says Zahid

Community

Sim reaches out to man who needed a wheelchair in Kelantan

By Ian McIntyre

Malaysia

Selangor Sultan urges younger generation to unite, become knowledgeable individuals

World

UK MP seeks legal safeguards against AI likenesses created without consent

World

Seven dead, 34 injured in church attack in southern Jordan

You may be interested

Malaysia

Waze ban hinges on security review, availability of alternative - PM

Malaysia

Rafizi hands Ramanan’s remarks to lawyers after ‘serial liar’ accusation

Malaysia

Umno-PAS pact faces tougher test beyond Melaka

By The Vibes Says

Malaysia

Ab Rauf says BN must rethink its approach as Melaka polls loom

By Alfian Z.M. Tahir

Malaysia

Anwar apologises over TuJu glitches, blames delays on app improvements

Malaysia

PN’s Melaka election status faces fresh legal challenge as RoS appeals stay

Malaysia

Man found dead on massage chair

Malaysia

Abdul Karim leaves decision on election candidates to Abang Jo