Switch to seedless. Get 30% off with SWITCH30 till Oct 21Man loses RM12.47 million in crypto theft
7.2 Security A 38-year-old man lost RM12.47 million after his crypto assets were transferred without consent. Police are investigating and urge crypto users to be vigilant against scams.
A 38-year-old man lost RM12.47 million after his crypto assets were transferred out of his digital wallet without his knowledge or consent. The incident was discovered at 1 p.m. while the victim was in Teluk Intan. Initial investigations revealed that the assets were moved via the blockchain network. Police are working with the Crypto Unit of the Bukit Aman Commercial Crime Investigation Department (JSJK) to identify those responsible and trace the transaction flow. The case is being investigated under Section 420 of the Penal Code, which carries penalties of imprisonment from one to ten years, whipping, and a fine if convicted. Authorities urge cryptocurrency and digital wallet users to remain vigilant against phishing attempts and scams, avoid clicking suspicious links, and never disclose recovery phrases, private keys, or passwords. Users should monitor their wallet security and act immediately if they suspect compromise.
