Malaysian doctor loses RM529,200 in crypto scam — then gets hit again by fake “fund recovery” pitch
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A 67-year-old medical practitioner in Ipoh lost RM529,200 (~US$130,000) after first wiring money into a purported crypto investment and later paying a bogus “fund recovery” service, police said.
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The victim transferred RM320,000 to multiple bank accounts registered under different company names, then could not withdraw “profits.”
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Perak police are investigating under Section 420 of the Penal Code and warned that scam tactics increasingly target older victims through social apps and “recovery” follow-ups.
A Malaysian medical specialist has lost more than half a million ringgit after falling for a cryptocurrency investment pitch and then a second, follow-on con that promised to recover his money, according to local police.
Perak…
