Cops nab 40 people, busts cryptocurrency scam with over RM50m losses

Police have busted a cryptocurrency investment syndicate, involving losses amounting to over RM50 million, with the arrest of 40 individuals.

Bukit Aman Commercial Crime Investigation Department (CCID) director Ramli Mohamed Yoosuf said the 31 men and nine women, aged between 20 and 55, were arrested in a three-day nationwide operation on Oct 29.