Company director loses RM7m to Yoamex crypto scam

: A company director suffered losses amounting to RM7.1 million after falling victim to a cryptocurrency investment scam in July.

He said the victim was then advised to venture into cryptocurrency investment using the ‘Yoamex’ platform and opened an account in July to invest RM7.1 million. “ The victim was then informed the investment could not be withdrawn because there was an ongoing investigation under money laundering and was instead asked to pay up another five per cent,” he said.

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