A 71-year-old retiree in Kuala Terengganu, Malaysia, has lost RM525,000 ($100,000) to a cryptocurrency investment scam linked to Facebook. The victim was lured by promises of a $500,000 return and made seven transactions over a week in August. Authorities suspect a syndicate is behind the scam, though no arrests have been made. Police have issued warnings about increasing crypto fraud targeting seniors, with scammers employing AI and deepfakes to impersonate trusted figures.
Malaysian Retiree Loses $100k in Facebook-Linked Crypto Scam
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