Malaysia man loses $3M in suspected crypto wallet hack

Malaysian police have launched an investigation into a suspected cryptocurrency wallet hack after a man in Teluk Intan reported losing approximately RM12.47 million ($3.05 million) in digital assets through transactions he did not authorize. Malaysian police are investigating suspected unauthorized cryptocurrency transfers worth RM12.47 million, approximately $3.05 million reportedly. The victim discovered missing digital assets around 1 p.m. on October 9 in Teluk Intan. Perak police enlisted Bukit Aman commercial crime investigators to trace transfers across the relevant blockchain. Authorities opened an investigation under Section 420 of Malaysia's Penal Code, which addresses criminal cheating.

Source: crypto.news