# Malaysia Arrests 13 Suspects in Alleged Fake Crypto Exchange Scam

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/50243
Published: 2026-11-06T17:32:52.000Z
Updated: 2026-11-06T17:32:52.000Z
Section: Regulation

> Police allege the suspects approached Chinese victims through Telegram, QQ and Soul and promised high returns; total losses remain under investigation.

Malaysian police arrested 13 suspects in Melaka on Wednesday, Nov. 4, alleging they used a fake cryptocurrency exchange in a romance scam targeting Chinese victims.

Police said the suspects contacted victims through Telegram, QQ and Soul. They allegedly used emotional relationships and promises of high returns to persuade victims to transfer money for cryptocurrency trades through the fake exchange.

The group began operating at the site about three months before the arrests.

Police seized 12 laptops, one desktop computer and 26 mobile phones. The total losses suffered by victims remain under investigation.