RATE Group | Website using fabricated comments attributed to ESM Goh to solicit Bitcoin investment: M…
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Website using fabricated comments attributed to ESM Goh to solicit Bitcoin investment: M…

31 Jul Website using fabricated comments attributed to ESM Goh to solicit Bitcoin investment: M…

Posted at 09:12h in Bitcoin News by

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SINGAPORE: A fraudulent website has been soliciting investments in Bitcoins by using fabricated comments attributed to Emeritus Senior Minister (ESM) Goh Chok Tong, the Monetary Authority of Singapore (MAS) warned in a consumer advisory on Wednesday (Jul 31).

An article on the website referred to statements purportedly made by ESM Goh, who is senior advisor to MAS. The statements were “either false, or were taken out of context and used in a misleading way”, MAS said.

“The site asks readers to make a minimum initial deposit of $250 into a purported trading platform, Bitcoin Loophole, which would automatically initiate trades on one’s behalf,” added MAS.

“It also requests for credit card or bank account details.”

READ: 7 cheated of S$78,000 in Bitcoin investment scam – police

MAS advised members of the public to exercise “extreme caution” and avoid providing any financial or personal information on the forms linked from the…

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