According to ME News, on October 11 (UTC+8), a man in Malaysia reportedly had his cryptocurrency wallet compromised, resulting in the loss of approximately 12.47 million Malaysian Ringgit in crypto assets, equivalent to about $3.05 million. The Perak State Police Chief stated that the victim discovered on the afternoon of October 9 that a portion of his digital wallet’s crypto assets had been transferred without his knowledge or consent. Preliminary investigations indicate that the transaction was conducted via a blockchain network. Police are collaborating with the Commercial Crimes Investigation Department’s Cryptocurrency Task Force to trace the fund flows and investigate the individuals involved. (Source: ODAILY)
Malaysian man loses $3.05 million in crypto wallet breach
KuCoinFlashShare
Summary
On October 9, 2026, a Malaysian crypto user reportedly suffered a security breach, with $3.05 million stolen from their wallet. Unauthorized transactions totaling 12.47 million ringgit were detected, with funds transferred via a blockchain network. Authorities are collaborating with the Commercial Crime Investigation Department’s crypto unit to trace the breach and identify suspects. The incident adds to ongoing reports about wallet vulnerabilities and crypto theft.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.