13 arrested… Malaysian police investigate fake cryptocurrency exchange scam
Original headline13명 체포…말레이시아 경찰, 가짜 가상자산 거래소 사기 수사
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Malaysia’s police arrested 13 foreign nationals on suspicion of running a fake cryptocurrency exchange scam after raiding a house in Kota Syahbandar, Melaka. The suspects include 11 Chinese men, one Chinese woman, and one Taiwanese man aged 24 to 36. They allegedly approached Chinese victims through Telegram, QQ Chat, and Soul, using romantic rapport and high-return promises to persuade them to send funds to a nonexistent exchange. The case highlights persistent retail fraud risk in crypto markets, especially where trust is built through social messaging rather than regulated platforms. Next, watch whether prosecutors file charges and whether Malaysian authorities widen the sweep to other suspected fake-exchange operations.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Malaysia Police, Bernama, Telegram, QQ Chat, Soul, Melaka