IPOH, July 17 — A trader incurred a loss of RM870,000 after being duped in a cryptocurrency investment scam.
He said the victim was contacted by a woman through the WhatsApp application on June 24 in which she assured the victim that she had made a huge profit investing in cryptocurrency. “Initially, the victim invested a total of RM5,000 and managed to recover the capital along with the profit. Later, the suspect asked the victim to make a larger investment to get a higher profit,” he said in a statement today.
He said the victim then asked the suspect to make a withdrawal but various reasons were given by the suspect and the victim was also asked to pay a processing fee amounting to 30 per cent of the total withdrawal.
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