KUALA LUMPUR: A government retiree was left devastated after losing over RM4.4 million due to a fraudulent cryptocurrency investment.
Brickfields district police chief, ACP Amihizam Abdul Shukor, said that initial investigations revealed that a 60-year-old man received a message via WhatsApp from an unknown number, introducing themselves as a cryptocurrency investment agent from Singapore.
"The victim was instructed to register on a provided website and was promised returns ranging from five to ten percent of the capital, with no specified investment duration.
"Deceived by the offer, the victim made 90 transactions totaling RM4,417,092.80 in three bank accounts provided by the suspect, starting from July 18 to September 6," he said in a statement today.
"However, the victim failed to access the mentioned website and could not contact the suspect yesterday," he said.
As a result, Amihizam said that the victim, who suspected he had been scammed as he did not receive any investment profits, filed a police report at the Commercial Crime Investigation Division, Brickfields district police headquarters today.
He added that the case is being investigated under Section 420 of the Penal Code. -- BERNAMA