An Indonesian bank, Bank Central Asia (BCA), has pledged to support law enforcement investigations following reports that its accounts were misused in a cryptocurrency scam. Victims were targeted via social media, with one individual reportedly losing about $20,000 from retirement savings. Scammers exploited BCA accounts to receive payments for fraudulent investments presented as cryptocurrency opportunities, promising initial bonuses to gain trust from victims. However, once funds were transferred, the scammers would freeze accounts under the pretense of investigations, leaving victims unable to access their money. The police announced that a fraudulent network posing as investment vehicles had been dismantled, with approximately 90 victims suffering losses totaling $90,000. BCA’s corporate communication executive emphasized the bank's commitment to collaborating with authorities and urged customers to be vigilant against scams.

Source 🔗