RM12.47mil in cryptocurrency stolen from man's digital wallet
IPOH: A 38-year-old man has suffered losses of RM12.47 million after his cryptocurrency assets were transferred from his digital wallet without his knowledge or authorisation.
IPOH, Perak - A 38-year-old man has lost RM12.47 million worth of cryptocurrency from his digital wallet, according to Perak police. The victim only realized the theft while he was in Teluk Intan around 1pm yesterday. Initial findings reveal that the illicit transfer occurred via a blockchain network. Police are working alongside the Commercial Crime Investigation Department's Cryptocurrency Unit at Bukit Aman to identify those responsible and trace the transactions.
The case will be handled under Section 420 of the Penal Code, which stipulates a penalty ranging from one to ten years in prison, along with whipping and a fine. The police have advised the public, particularly those using cryptocurrencies and digital wallets, to stay vigilant against phishing attempts and online scams. They should avoid clicking on suspicious links and sharing sensitive information such as recovery phrases, private keys, or passwords.
Regularly checking transaction records and keeping savings wallets separate from daily-use wallets are also recommended. If users suspect their accounts have been compromised, they should immediately cease using the affected device, preserve digital evidence, contact the platform provider via official channels, and file a police report.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
