Eleven Arrested in RM7.2 Million Crypto Investment Scam in Malaysia

Eleven individuals were detained in Malaysia in connection with a cryptocurrency investment scheme named Gigamax that caused losses of RM7.2 million. The arrests were made across several states, including Kuala Lumpur, Selangor, and other areas.

KUALA LUMPUR: Eleven individuals were detained in connection with a crypto investment scheme that resulted in RM7.2mil in losses.

"Among the roles of the suspects were the top management of an investment academy, lecturers and those who withdrew crypto currency," he told a press conference at CCID headquarters on Tuesday . However, after a year, the platform could not be accessed and all withdrawals were disrupted, Comm Ramli said."We are investigating under Section 420 of the Penal Code," he said.

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CRYPTOCURRENCY INVESTMENT SCAM MALAYSIA ARRESTS GIGAMAX

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