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Home Cryptocurrency

Finance Minister Lim Guan Eng latest high profile figure used in online scam

by Newsdesk
January 31, 2019
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The Bitcoin Trading scammers are at it again, and this time, they have roped in Finance Minister Lim Guan Eng to convince Malaysian’s to ‘invest’ away their hard earned money. It was only last week that Air Asia had to issue a public statement denying a viral post claiming that AirAsia Group CEO Tony Fernandes launched a financial technology platform called Crypto Revolt.

The ‘pitch’ this time revolves around the 1MDB and Goldman Sachs scandals, and Malaysia’s demand for compensation from the US investment Company.


The article, which carries complete BBC News heading and branding is hosted on a fake domain that carries the words bbcnews. As with all the previous bitcoin trading scams that has been making its rounds, this latest iteration also calls for unsuspecting users to deposit a minimum of USD250 (~RM1,025) into an online trading account, with the promise of earning profits.

The link to the fake BBC site, is being made viral across social media channels, as well as via paid Google Advertising targeted especially at Malaysian audiences.


As always, please be extra vigilant when clicking links, advertisement, and viral social media postings. Also always double check for news sources, and never invest or make any online payments unless you are absolutely sure of the credibility of the site you are visiting.

RELATED:  Solo Bitcoin Miner Scores Block Worth US$270,000
Filed Under BitcoinBitcoin Scamcrypto revoltLim Guan Eng
Updated 11:14 am, Thu, 31 January 19
http://lowy.at/AZlJm
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