A 38-year-old individual faced a staggering loss of RM12.47 million after his cryptocurrency assets were illicitly moved from his digital wallet without his consent.
According to Perak Police Chief Datuk Mohd Alwi Zainal Abidin, the victim became aware of the theft around 1 PM yesterday while he was in Teluk Intan.
Initial investigations indicated that the transaction involved a transfer of cryptocurrency assets through the blockchain network.
“The police are actively pursuing further inquiries to pinpoint those responsible and track the transaction, receiving assistance from the Cryptocurrency Unit within the Bukit Aman Commercial Crime Investigation Department (CCID),” he mentioned in a statement released today.
He further noted that the case is being probed under Section 420 of the Penal Code for cheating, which could result in imprisonment ranging from one to ten years, along with whipping and fines upon conviction.
Mohd Alwi advised the community, especially those using cryptocurrencies and digital wallets, to stay alert against phishing attacks and online fraud.
He cautioned users to avoid clicking on dubious links and to never share their recovery phrases, private keys, or passwords with anyone.
“Users should routinely check their transaction histories and connected applications, and it’s wise to keep savings wallets distinct from those meant for everyday transactions.
“Anyone who suspects their accounts might be compromised should cease using the affected device, safeguard digital evidence, reach out to the platform provider through official means, and file a police report,” he stated.
Additionally, he urged the public to enhance their digital security practices to protect against cybercrime. – October 10, 2026