Teluk Intan man’s digital wallet hacked, loses RM12.47mil in crypto assets

Teluk Intan man’s digital wallet hacked, loses RM12.47mil in crypto assets

Teluk Intan man's digital wallet hacked, loses RM12.47mil in crypto assets

IPOH: A 39-year-old man in Teluk Intan lost about RM12.47mil in crypto assets due to suspected hacking of his digital wallet.

Perak police chief Comm Datuk Mohd Alwi Zainal Abidin said the victim realised that a sum of his crypto assets had been transferred out of his digital wallet without his knowledge or consent on Friday (Oct 9) at about 1pm.

“Initial investigation found that the transaction involved a blockchain network.

“Police are trying to determine those involved by tracking the flow of transactions with assistance from the Bukit Aman police commercial crime crypto unit,” he said in a statement on Saturday (Oct 10).

Comm Mohd Alwi said the matter is being investigated under Section 420 of the Penal Code for cheating.

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He said the people, especially those using digital wallets or have crypto assets, are advised to be careful about phishing or online scams.

“They need to be careful of clicking into suspicious links or revealing their seed phrase, private key and passwords to anyone,” he said, adding that those found guilty can be jailed up to 10 years, whipped and fined.

“Always check your digital wallet’s transaction records and linked apps daily.

“Stop using any devices suspected of being hacked immediately, keep all digital evidence, contact the platform provider via official channels and lodge a police report,” he said.

“The people are reminded to always enhance their digital safety to avoid falling victim to cybercrime,” he added.