Singaporean investor loses over $100k to 'sophisticated' cryptocurrency phishing scam
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A Singaporean man lost all his digital assets of at least $100,000 after being tricked into downloading a 'beta game launcher' which contained malware.Phishing scam victim Mark Koh, 44, told Lianhe Zaobao on Monday (Dec 15) that he is an angel investor intereSingaporean investor loses over $100k to 'sophisticated' cryptocurrency phishing scam
A Singaporean man lost all his digital assets of at least $100,000 after being tricked into downloading a 'beta game launcher' which contained malware.Phishing scam victim Mark Koh, 44, told Lianhe Zaobao on Monday (Dec 15) that he is an angel investor interested in Web3 — a term describing the next generation of the internet, one which is decentralised and blockchain-based.Angel investors are individuals who support the funding of startups or entrepreneurs, typically in exchange for equity.Koh explained that he had seen a Telegram message about a new project called «MetaToy» and got into contact with a user named «Shanni», who reportedly claimed to be co-founder of the «Meta team».He said the user patiently answered his questions about the game project and did not pressure him.«As someone who has evaluated countless Web3 projects, I believed I could identify scams, and this project looked legitimate,» he told Zaobao.The man subsequently downloaded a «game launcher» provided by «Shanni». Unknown to him at that time, he had downloaded malware targeting his crypto wallets. Read more
