An elderly man who was tricked into believing that his bank account had been hacked transferred over $100,000 to another account provided by a supposed «Monetary Authority of Singapore (MAS) staff» for safekeeping.The 67-year-old victim, surnamed Zhang (pseudonym), told Shin Min Daily News on Monday (Nov 24) that the ruse started with a missed call on Oct 21.He dialed the number and was told that his insurance policy was about to expire. When asked if he was keen to renew it, Zhang declined. But he was then told that someone from MAS would soon contact him.Sure enough, he got a call from a supposed «MAS staff», who said his bank account had been compromised.«They showed me their work ID. I didn't actually have an account with the bank, but I didn't suspect anything at the time,» he told the Chinese daily.The «MAS staff» then instructed Zhang to download a cryptocurrency application. The scammer requested to communicate via a WhatsApp video call and asked Zhang to turn on the screen sharing function. Read more