Malaysian police dismantle romance scam and fake cryptocurrency exchange fraud syndicate, arrest 13 foreigners

TechFlow: On Nov. 5, Bernama reported that Malacca police in Malaysia raided a residence in Taman Kota Shahbandar on Nov. 4, arresting 13 foreign nationals suspected of online fraud. The suspects include 11 men from mainland China, one woman from mainland China, and one man from Taiwan, aged between 24 and 36.

Police stated that the syndicate used platforms such as Telegram, QQ Chat, and Soul to lure Chinese victims through romantic relationships and false promises, directing them to trade on fake cryptocurrency exchanges with the promise of high returns. The total amount of victim losses is still under investigation. At the scene, authorities seized 12 laptops, 1 desktop computer, 26 mobile phones, and 1 router, valued at approximately 50,000 Malaysian Ringgit. The 13 suspects have been detained until Nov. 8 to assist with inquiries.