Man loses RM12.47 million; cryptocurrency assets vanish
A 38-YEAR-old man suffered losses of RM12.47 million after cryptocurrency assets were transferred out of his digital wallet without his knowledge or consent. Perak Police Chief Datuk Mohd Alwi Zainal Abidin stated that the victim discovered the loss ...
A 38-year-old man from Perak lost RM12.47 million due to unauthorized transfer of his cryptocurrency assets. Datuk Mohd Alwi Zainal Abidin, the Perak Police Chief, disclosed that the victim noticed the loss at 1 pm on October 10, 2026 in Teluk Intan. Preliminary reports suggest the transfer occurred through the blockchain network.
The police, in collaboration with the Cryptocurrency Unit of the Bukit Aman CCID, are investigating the incident. The case falls under Section 420 of the Penal Code, which subjects the perpetrator to imprisonment of one to ten years, whipping, and a fine if convicted. Mohd Alwi urged the public to be cautious of phishing attempts and online scams, warning against clicking on suspicious links or revealing sensitive information.
He emphasized the importance of regularly monitoring transaction records and keeping savings and daily transaction wallets separate. If users suspect their accounts have been compromised, they should cease using the affected device, preserve digital evidence, contact the platform provider, and report the incident to the police.
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