World · Malaysia Bureau
Man loses RM12.47 million in cryptocurrency transferred without consent
A 38-year-old Malaysian discovered that a substantial sum of digital assets had been transferred from his account without authorization. The theft was uncovered when the victim checked his holdings in Teluk Intan on Monday afternoon.
LSN Malaysia ·
A cryptocurrency investor in Perak has reported the unauthorized transfer of approximately RM12.47 million in digital assets from his account. The 38-year-old victim discovered the theft on Monday afternoon while in Teluk Intan, prompting him to lodge a police report.
The incident marks another case of digital asset theft in Malaysia, adding to growing concerns about cryptocurrency security and unauthorized account access. Authorities have not yet disclosed details regarding the method used to compromise the account or whether arrests have been made.
The case highlights vulnerabilities in digital wallet security and the risks posed by cybercriminals targeting cryptocurrency holders. Investigators are examining the circumstances surrounding the unauthorized transfer as part of their ongoing investigation.
The Royal Malaysia Police have urged cryptocurrency users to strengthen security measures, including enabling two-factor authentication and regularly monitoring account activity. The force continues to investigate the incident and is appealing for any witnesses or individuals with relevant information to come forward.