Man loses over RM12mil in suspected crypto theft

In this news:

Key takeaways

  • A victim lost RM12.47 million in crypto assets from unauthorised wallet access.
  • Perak police are investigating the case with the Bukit Aman commercial crime crypto unit.
  • Authorities advise the public to avoid suspicious links and strengthen digital security.

A man lost about RM12.47 million after his crypto assets were believed to have been stolen through unauthorised access to his digital wallet.

Perak police chief Alwi Zainal Abidin said the 38-year-old victim realised this yesterday afternoon while he was in Teluk Intan.

He said the victim realised that a sum of his crypto assets had been transferred out of his digital wallet without his knowledge or consent.

“A preliminary investigation found that the transaction involved the transfer of crypto assets through a blockchain network.

“Police are conducting further investigations to identify those involved and track the flow of transactions with assistance from the Bukit Aman commercial crime investigation department’s crypto unit,” he said in a statement today.

The case is being investigated under Section 420 of the Penal Code, which provides for imprisonment of between one and 10 years, whipping and a fine, upon conviction.

Alwi advised the public to be careful about phishing and online scams, avoid clicking on suspicious links, always monitor their digital wallet transactions, act immediately if they suspect their accounts have been hacked, and strengthen their digital security measures.

Share the article:

Top Trending Cryptocurrencies on The Market

Current Price

$0.9997

7 Days
USDGO 7 days: -0.03%

Market Cap

$1.3B -0.02%

24h Volume

$19.9M

Supplies

1.3B / ∞

Current Price

$0.3596

7 Days
JUP 7 days: +9.13%

Market Cap

$1.2B -2.21%

24h Volume

$70.8M

Supplies

6.9B / 10.0B

Current Price

$10.920

7 Days
GT 7 days: -1.96%

Market Cap

$1.1B 2.15%

24h Volume

$1.4M

Supplies

116.9M / 142.6M

Current Price

$0.04029

7 Days
KAS 7 days: -3.73%

Market Cap

$1.1B -2.09%

24h Volume

$8.0M

Supplies

27.7B / 28.7B

Current Price

$0.1358

7 Days
JST 7 days: -2.74%

Market Cap

$1.1B -1.88%

24h Volume

$42.3M

Supplies

8.2B / 9.9B

Current Price

$22.430

7 Days
VVV 7 days: -21.03%

Market Cap

$1.1B 0.24%

24h Volume

$22.7M

Supplies

81.1M / ∞

Current Price

$0.1181

7 Days
ALGO 7 days: -8.95%

Market Cap

$1.1B 3.02%

24h Volume

$53.5M

Supplies

9.1B / 10.0B

Current Price

$0.1007

7 Days
POL 7 days: -6.44%

Market Cap

$1.1B -0.14%

24h Volume

$56.4M

Supplies

10.6B / ∞

Current Price

$7.580

7 Days
KCS 7 days: +2.53%

Market Cap

$1.1B -0.60%

24h Volume

$2.2M

Supplies

142.2M / ∞

Current Price

$1.920

7 Days
ATOM 7 days: +8.8%

Market Cap

$1.0B -0.09%

24h Volume

$96.4M

Supplies

535.5M / ∞

Current Price

$1.900

7 Days
RENDER 7 days: -2.33%

Market Cap

$983.3M -1.42%

24h Volume

$36.7M

Supplies

533.5M / 644.2M

Current Price

$0.9678

7 Days
AERO 7 days: +15.33%

Market Cap

$972.3M 13.49%

24h Volume

$132.0M

Supplies

2.0B / ∞

Notifications Login to see

Today

No Notifications

↑