Singapore has experienced an influx of cryptocurrency scams, with the latest using the former Prime Minister Goh Chok Tong’s name to solicit business.
The Monetary Authority of Singapore (MAS) called the website fraudulent, adding that it referenced statements made by Goh Chok Tong «which are either false or have been taken out of context and used in a misleading way». Goh was Singapore’s second Prime Minister and continues to support the city-state under the honorary title of «emeritus senior minister» (ESM).
In addition to credit card or bank account details, the self-proclaimed trading platform, «Bitcoin Loophole», also requests from readers a minimum initial deposit of S$250 ($145).
Bit by Bitcoin before
This is the fourth Bitcoin scam underlined by the MAS in the past year and it notes a trend of using names and photographs of Singapore ministers and other prominent public personalities to lure unsuspecting victims.
One such case of note involved «fabricated comments» attributed to MAS chairman and deputy prime minister Tharman Shanmugaratnam, which the watchdog flagged in September last year.
«Tharman Shanmugaratnam Invests $1 Billion for All Singapore Residents. Use HIS Method To Become Rich In Just 7 Days!» the website read.
