Teluk Intan:A man reportedly lost approximately RM12.47 million due to suspected unauthorized access to his digital wallet, resulting in the theft of his crypto assets.

According to BERNAMA News Agency, the incident came to light when the 38-year-old victim noticed the unauthorized transfer of his crypto assets at about 1 pm while in the Teluk Intan area. Perak police chief Datuk Mohd Alwi Zainal Abidin stated that the assets had been transferred without the victim's consent.

Preliminary investigations revealed that the transaction occurred via a blockchain network. The police are currently working to identify those involved and are tracking the flow of transactions, with assistance from the Bukit Aman Commercial Crime Investigation Department's (CCID) Crypto Unit.

The case is under investigation in line with Section 420 of the Penal Code, which could result in imprisonment of one to ten years, whipping, and a fine upon conviction.

Mohd Alwi urged the public to be vigilant against phishing and online scams, avoid suspicious links, regularly monitor their digital wallet transactions, and take immediate action if they suspect hacking. He also emphasized strengthening digital security measures.