Singapore Police Rescue Victim from Elaborate Bitcoin Machine Scam

A police investigation involving bitcoin machines at Tampines One Mall in Singapore saved a 32-year-old man from scammers impersonating officials. They also helped a 49-year-old man not to transfer any more of his bitcoin to the alleged lying thieves.

Reportedly the 49-year-old man was tearing down posters near a bitcoin teller machine. Witnesses called the police to report vandalism in the mall. But when police investigated they discovered the posters were part of an elaborate and malicious scam.

Claiming to be an alert about bitcoin from the authorities, the posters lured their target to call a phone number. When the 49-year-old man called, the scammers impersonated authorities from China. They allegedly told him that he was under investigation for a transnational crime.

Reference: https://www.ccn.com/singapore-police-rescue-victim-from-elaborate-bitcoin-machine-scam

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