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Bloomberg
Bitcoin fraudsters are misusing the names of Singapore PM Lee Hsien Loong and his deputy Tharman Shanmugaratnam to tout investments, prompting a warning from the premier.
“Scammers have used DPM Tharman’s and my name to solicit Bitcoin investments,†Lee said. “Don’t believe everything you see on the Internet!â€
Lee in a Facebook post used the crypto example to highlight how the city state is attempting to tackle the issue of “fake news.†A parliamentary committee called for new rules including giving the government greater powers to curb the spread of online falsehoods and getting tech companies to comply.
Two fraudulent websites trumpeting get-rich-quick Bitcoin schemes used fabricated comments attributed to Shanmugaratnam, the Monetary Authority of Singapore said last week.