Senior citizen loses RM228k to crypto investment scam

A senior citizen lost RM228,000 after being duped into investing in a cryptocurrency investment scam which promised lucrative returns.

Nilai police chief Abdul Malik Hasim said the victim, in his early 60s, claimed to have been added to a Telegram group by an individual last October and encouraged to invest in the cryptocurrency via the ACCERX Hong Kong platform.

"The victim initially invested RM8,000 and made a profit of RM15,000...