Fraudulent Website Uses Singapore PM Comments to Solicit Bitcoin

Lee Shien LoongA Singaporean start-up is hoping to change the essence of Southeast Asia by structure brilliant urban communities controlled by blockchain innovation – beginning with an aspiring 100-hectare mixed  use improvement venture in the core of the Cambodian capital, Phnom Penh.

Meanwhile, a  fake site has been utilizing remarks ascribed to Prime Minister Lee Hsien Loong to request Bitcoin investments, the Monetary Authority of Singapore (MAS) cautioned citizens.

An article on the site, which was made to mimic a news page, alluded to articulations purportedly made by PM Lee during his National Day message.

“The information on the website is highly deceptive and misleading. The statements attributed to PM Lee are completely false,” MAS added in its advisory.


“The site tries to get readers to provide credit card or bank account information. It also asks for payments into a purported Bitcoin trading platform, which would automatically initiate trades on the client’s behalf.”

In the course of the most recent year, there have been various false sites utilizing the names or photos of Singapore ministers and other unmistakable open characters to request Bitcoin ventures or different tricks.

A month ago, Emeritus Senior Minister Goh Chok Tong had false articulations credited to him for the comparative motivation behind requesting Bitcoin ventures.

In a general public where numerous Cambodians are monetarily avoided, many don’t own an account, which means it is practically difficult to get study credits for their kids’ training or purchase a house.

Lee is idealistic the new framework will offer more prominent security, effectiveness, and access. He noticed how inhabitants in the savvy city get an advanced persona through their computerized installment history, their propensities for going to office or to the rec center. This persona in the long run turns into what might be compared to a FICO rating for a bank or microfinance establishment to consider should they apply for a smaller scale credit.

Get the latest in Asian Bitcoin news here at Coin News Asia.

The post Fraudulent Website Uses Singapore PM Comments to Solicit Bitcoin appeared first on Coin News Asia.

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