Petronas issues warning on cryptocurrency investment scam, phishing website

Petronas Twin Towers, a major tourist attraction — file pic. // Photo: Pixabay

KUALA LUMPUR, Jan 14: Petronas today issued a warning over a scam which alleged the multinational oil and gas company was launching new cryptocurrency technology platforms.

In a statement, Petronas said a fake article on a website claimed that the company was launching new cryptocurrency technology platforms for all Malaysians, promising huge profits upon an investment of USD250. The fake story was accompanied by photographs allegedly depicting Petronas and the company’s president and group chief executive officer speaking about the investment platform.

“Petronas has been made aware of the illegal use of our Company as well as the President and Group Chief Executive Officer’s names and images in the promotion and/or online endorsement titled “Petronas Launches New Scheme With 18 Partners. This Can Make You Rich!” on a number of technology investment platforms, such as “Crypto Revolt” and “Bitcoin Revolution”.

“We wish to alert members of the public that this is an ongoing scam. The website used a recent media event by Petronas to launch a vendor development programme with various industry partners, designed to raise the capabilities of local firms in the oil & gas (O&G) sector.

“Petronas , or any of its subsidiaries and employees within the Group of Companies, are not affiliated in any way, and do not support or endorse the alleged promotion.” — DayakDaily