Despite repeated warnings from authorities about investment scams, some still fall victim. A retired engineer lost nearly RM10 million after being lured by a social media advertisement promoting high returns on Bitcoin investments.
Retired Engineer Loses RM10 Million to Crypto Scam
He made 29 transactions to 11 bank accounts but was unable to withdraw the promised profits. Johor state police chief Datuk M. Kumar urged the public to verify investment offers with relevant agencies and use the “Semak Mule” service to check bank account and phone number statuses. Staying informed about commercial crime trends is essential to prevent falling victim to scams.
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