Malaysian Police Dismantle Romance Scam and Fake Cryptocurrency Exchange Fraud Ring, Arrest 13 Foreigners

TechFlow news, Nov 05: BERNAMA reported that Melaka police in Malaysia conducted a raid at a residence in Taman Kota Shahbandar on Nov 04, arresting 13 foreigners suspected of involvement in online scams, including 11 Chinese men, 1 Chinese woman, and 1 Taiwanese man, aged 24 to 36.

Police said the group lured Chinese victims through platforms such as Telegram, QQ Chat, and Soul by feigning romantic relationships and making false promises, then directed them to trade on fake cryptocurrency exchanges with promises of high returns. The amount of victims' losses is still under investigation. Police seized 12 laptops, 1 desktop computer, 26 mobile phones, and 1 router at the scene, valued at approximately 50,000 Malaysian ringgit. The 13 suspects have been detained until Nov 08 to assist with the investigation.

Source: TechFlow