MAS warns against fraudulent website soliciting bitcoin investments


MAS Monetary Authority of Singapore

Monetary Authority of Singapore (MAS) has informed the public that a website has been soliciting investments in Bitcoins by using fabricated comments attributed to Emeritus Senior Minister Goh Chok Tong (Senior Advisor to MAS).

The website’s article on Bitcoins references statements purportedly made by ESM Goh which are either false or have been taken out of context and used in a misleading way. Readers are asked to make a minimum initial deposit of $250 into a purported trading platform, Bitcoin Loophole, which would automatically initiate trades on one’s behalf. It also requests for credit card or bank account details.

The public has been adviced to exercise extreme caution and avoid providing any financial or personal information on the forms linked from the website.

The official warning can be seen here.

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MAS warns against fraudulent website soliciting bitcoin investments

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