Jakarta Police Arrest Two in $1.1 Million International Crypto Fraud Scheme
- Shidonna Raven

- 16 minutes ago
- 1 min read
By Theressia Silalahi
May 2, 2025
Source: Jakarta Globe
Photo / Image Source: Unsplash,
Jakarta. Jakarta Metropolitan Police ha ve arrested two suspects in an international cryptocurrency fraud case that caused losses totaling Rp 18.3 billion (around $1.1 million). The suspects, identified as SP, an Indonesian national, and YCF, a Malaysian citizen, allegedly operated an online scam involving fake crypto assets and stock sales.
“This was an international online fraud syndicate, involving a suspect from Malaysia,” Police spokesperson Ade Ary Syam Indradi said during a press conference on Friday.
According to Jakarta Police Cybercrime Director Roberto GM Pasaribu, the suspects ran a fictitious investment scheme using online platforms. The fraudulent operation involved the creation and sale of fake digital assets.
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