The New Straits Times reported that the Malaysian police (Bukit Aman Commercial Crime Investigation Department) revealed that in 2025, the country had 9,603 investment scam cases, resulting in losses of up to 1.47 billion ringgit (RM). The police pointed out five main types of scams, with "fake cryptocurrency platforms" being one of the most affected areas. The police stated that current crime trends show that scammers are increasingly using cryptocurrencies such as USDT (Tether) to lure victims into transferring funds to digital wallets on illegal platforms. Data shows that among all investment scams, cases involving cryptocurrencies rank second, only behind stock investment scams.
The New Straits Times reported that the Malaysian police (Bukit Aman Commercial Crime Investigation Department) revealed that in 2025, the country had 9,603 investment scam cases, resulting in losses of up to 1.47 billion ringgit (RM). The police pointed out five main types of scams, with "fake cryptocurrency platforms" being one of the most affected areas. The police stated that current crime trends show that scammers are increasingly using cryptocurrencies such as USDT (Tether) to lure victims into transferring funds to digital wallets on illegal platforms. Data shows that among all investment scams, cases involving cryptocurrencies rank second, only behind stock investment scams.