According to a report by New Straits Times, Malaysian police (Bukit Aman Commercial Crime Investigation Department) revealed that in 2025, the country recorded 9,603 investment scam cases, resulting in losses of up to 1.47 billion Malaysian ringgit (RM). The police pointed out five main scam methods, and “fake cryptocurrency platforms” is one of the most severely affected areas. The police said that current crime trends indicate that scammer 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, the number of cases involving cryptocurrencies ranks second, behind only stock investment scams.