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Malaysian Senior Lost Over RM299,000 in Meta Cryptocurrency Scheme 4m ago by coinedition.com

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A 62-year-old woman in Malaysia fell victim to a fraudulent cryptocurrency investment scheme.

The scam, initiated in April, involved the woman dealing with a man operating a company called Syarikat Bitcoin Yoamax.

The victim shared her personal information and lost over RM299,000.

A 62-year-old woman from Malaysia has become the latest victim of a fraudulent cryptocurrency investment scheme that was advertised on the social media platform Meta (formerly known as Facebook). The senior citizen found herself defrauded of over RM299,000.

According to ACP Ismail Dollah, Batu Pahat district police chief, the scam began in April when the senior citizen started dealing with a man running a company called Syarikat Bitcoin Yoamax.

The investment program, which was actively promoted on Meta and WhatsApp, promised lucrative returns. To join the program, the victim shared her personal information, including her name, ID number, and banking details, and proceeded to download the Yoamax application.

Initially, the victim deposited RM35,320 across seven transactions. However, when she later attempted to wit…

The post Malaysian Senior Lost Over RM299,000 in Meta Cryptocurrency Scheme appeared first on Coin Edition.