Trader duped in cryptocurrency scam, incurring loses of RM870,000

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Trader duped in cryptocurrency scam, incurring loses of RM870,000
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He said as a result of being convinced by what the suspect said, the victim started investing by putting money into the cryptocurrency application provided by the suspect. theSun thesundaily scam cryptocurrency investmentscam PDRM

Perak police chief Datuk Seri Mohd Yusri Hassan Basri

He said the victim was contacted by a woman through the WhatsApp application on June 24 in which she assured the victim that she had made a huge profit investing in cryptocurrency. “Initially, the victim invested a total of RM5,000 and managed to recover the capital along with the profit. Later, the suspect asked the victim to make a larger investment to get a higher profit,“ he said in a statement today.

He said the victim then asked the suspect to make a withdrawal but various reasons were given by the suspect and the victim was also asked to pay a processing fee amounting to 30 per cent of the total withdrawal.

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