Elderly Malaysian Businessman Duped into Cryptocurrency Scam, Losing $5.87 Million in WhatsApp-Led Scheme
A 74-year-old Malaysian businessman lost RM26.65 million (about US$5.87 million) in a cryptocurrency scam after being lured by a fake investment scheme through the UVKXE app. Police investigations revealed the scam involved multiple victims and over RM61 million (about US$13.42 million) in total losses.
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