Elderly woman loses nearly RM300,000 in crypto scam

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Elderly woman loses nearly RM300,000 in crypto scam
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BATU PAHAT: A senior citizen has lost RM299,373.40 after falling victim to a fraudulent cryptocurrency investment advertised on Facebook. Batu Pahat d...

: A senior citizen has lost RM299,373.40 after falling victim to a fraudulent cryptocurrency investment advertised on Facebook.said the incident involving the 62-year-old woman started in April when she dealt with a man who managed the website.

“The victim deposited RM35,320 through seven transactions in stages. She also shared her personal details such as name, identity card number and banking information in addition to downloading the Yoamax application for investment purposes,” he said in a statement today. Ismail said the suspect also told the victim that the money would be returned if she was not involved in money laundering activities.

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