KUALA LUMPUR: Bukit Aman has detected unlicensed cryptocurrency investments utilizing the M2Dcoin platform, says Comm Datuk Zainuddin Yaacob.
The Federal Business Crime Investigation Division director mentioned they lately obtained a report concerning the cryptocurrency funding platform.
“Based mostly on investigations, the investor is promised excessive income after making funds by way of a center man appointed to handle the investments,” he mentioned.
Comm Zainuddin mentioned the platform has been working since mid 2020, and traders are contacted through WhatsApp and provided such funding schemes.
He added in an announcement on Friday (Feb 19) that the potential investor would then be given entry to the M2Dcoin platform to make their investments.
“Our investigations revealed the platform was a overseas digital internet exchanger website hosted in Arizona, United States.The location has been operational for over 9 months and doesn’t have a licence to conduct cryptocurrency operations in any nation,” he mentioned.
Comm Zainuddin mentioned checks revealed the location can not be accessed.
“We urge anybody with data or those that have invested in such schemes to come back ahead and lodge police studies in order that additional investigations will be carried out,” he mentioned.
“The general public ought to chorus from investing in such schemes. At all times do your analysis and examine with the related authorities earlier than making any investments,” added Comm Zainuddin.