Malaysia Warns of Rising Crypto Investment Scams Targeting

crypto scam

Malaysia

Crypto scams in Malaysia are evolving with advanced technologies, targeting professionals and retirees through sophisticated schemes. As authorities intensify their crackdown, the intersection of fraud and crypto poses new challenges for law enforcement.

Last updated: March 17, 2025

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Hassan Shittu

Journalist

Hassan Shittu

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Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

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March 17, 2025 at 18:18 GMT+2

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Malaysia is witnessing a sharp rise in crypto investment scams, with authorities warning that professionals and senior citizens are increasingly becoming prime targets.

According to a report from TheMalaysianReserve, Bukit Aman Commercial Crime Investigation Department (JSJK) Director Datuk Seri Ramli Mohamed Yoosuf has urged caution, particularly for investors over 60 years old who might be lured by the promise of high returns.

Victims Of Crypto Investment Scams Increasing.

Ramli highlighted a recent case in which a 74-year-old lost tens of millions of ringgit after falling victim to a fraudulent scheme.

Many of these scams operate under the illusion that purchasing multiple cryptocurrency coins,…

https://cryptonews.com/news/malaysia-warns-of-rising-crypto-investment-scams-targeting-professionals/

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