Malaysian police have shut down two telecom fraud dens at Forest City (Country Garden Forest City) in Johor, arresting multiple suspects in an operation that involved a fraud ring including Chinese citizens, police said. According to Techub News, citing Wu Blockchain, Southeast Asian fraud and kidnapping networks may be shifting toward Malaysia, which hosts a large number of cryptocurrency exchange employees. Police added that such criminal organizations are now targeting areas where crypto industry workers gather. The case is still under investigation, and the exact amount involved and the number of victims have not been disclosed.
Police in Johor, Malaysia, raided two telecom fraud dens in Forest City (Country Garden Forest City) and arrested multiple suspects, according to Techub News, which cited Wu Blockchain. Police said the operation tied back to a fraud ring that includes Chinese citizens. And Wu Blockchain said fraud and kidnapping networks in Southeast Asia may be moving toward Malaysia, where many cryptocurrency exchange employees are based.
Police also said these criminal groups are now going after Malaysia's crypto worker hubs. The case is still being investigated. For now, authorities have not disclosed the exact amount of money involved or the number of victims.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
