Stay Informed About Recent Crypto Scams in Malaysia 🕵️♂️
Discover the recent crackdown on cryptocurrency fraud in Malaysia by the Royal Malaysian Police (PDRM), exposing a call center targeting Japanese citizens in Kuala Lumpur.
Crypto Fraud Call Center Operational for a Month 📞
The fraudster’s call center, dismantled this year, utilized social media to deceive victims into investing through Bitbank and CoinCheck applications, leading to arrests and the seizure of computers and mobile phones.
- Dismantling of a crypto scam call center in Kuala Lumpur
- Arrest of 21 individuals involved in the fraudulent scheme
- Utilization of social media platforms for luring victims
- Seizure of electronic devices and investigation under the Penal Code
Operation Details 🚨
- Coordinated raids on upscale residential properties in Kuala Lumpur
- Arrest of 21 individuals aged between 22 and 37
- Operational details and suspects’ roles revealed by the police
Fraudulent Scheme Exposure 💻
- Victims lured through social media platforms like Tinder and Monsters
- Investment persuasion via Bitbank and CoinCheck applications
- Syndicate members’ entry and commission details
Six Malaysians Charged with Kidnapping, Demanding Ransom 🚔
Separately, six Malaysians, including a married couple, have been charged with kidnapping a Chinese citizen and demanding a ransom of 1 million USDT after abducting the victim.
Additional Illegal Crypto-Mining Operations Impact ⚡
- Deputy Minister highlights significant electricity theft
- Estimated cost of electricity theft due to illegal mining operations
- Government crackdown on cryptocurrency miners since 2019
Action Against Illegal Mining and Exchanges 🛠️
- Destruction of seized machines by steamroller
- Enforcement actions taken against unregistered exchanges like Huobi Global
- Currently registered cryptocurrency trading platforms in Malaysia
Hot Take: 🌟 Stay Vigilant Against Crypto Scams!
As the crackdown on crypto fraud continues in Malaysia, it’s crucial to remain alert and informed about the latest scams and enforcement actions to protect your investments and assets. Stay updated on regulatory changes and ensure compliance with the law to avoid falling victim to fraudulent schemes.
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