68-year-old victim shares crypto scam experience to warn of dangers of greed

Johor Jaya assemblyman Liow Cai Tung (right) together with the 68-year-old victim known as ‘Phang’ at her office in Jalan Rosmerah, Johor Jaya, Pasir Gudang.

PASIR GUDANG: A retired businessman lost almost RM600,000 of his savings after falling victim to a cryptocurrency investment scam in July this year.

The victim, who only wanted to be known as Phang, shared that his greed had blinded him while urging members of the public, especially the youth, to be wary of pop-up investment ads on social media offering high returns.