BINTULU: A local man employed at a company here falls prey to a cryptocurrency investment scam after he was left RM128,000 poorer.
The incident happened when the victim in his early 30s, introduced by a friend, invested to trade BTC and USDT cryptocurrency through a FSEX platform in late September last year.
Sarawak Police Commissioner Datuk Mancha Ata said the victim was later contacted by several investment organisers, believed to be from overseas via WhatsApp, promising a daily return of five per cent based on the investment model.
Following that, the victim transferred RM133,000 via 11 transactions into three bank accounts under different company names between late September and early December.
“The man stated that he only got a return of RM4,700 during his participation in the investment.
“However, he realised that he had been cheated after failing to make a withdrawal from his e-wallet account through the FSEX platform as the transaction was pending.
“Aside from that, his attempts to contact the FSEX customer service were not entertained,” he said.
The man reported the incident, which involved losses amounting to RM128,000, to the police on Jan 4 and the case is being investigated under Section 420 of the Penal Code for cheating and dishonestly inducing the delivery of property.
In light of this, Mancha advised the public to only invest on the proper platform registered with Bank Negara Malaysia and the Malaysian Securities Commission.
He also urged the public to seek financial advice from registered agents regarding an investment.
