According to a screenshot of the website, the senior minister was falsely quoted as urging people to try a"cryptocurrency auto-trading program" called Bitcoin Circuit.
The bogus article said the"new secret investment" was"making hundreds of people in Singapore very rich". "The information on the website is highly deceptive and misleading. The statements attributed to SM Tharman are completely false," the MAS advisory said."The site asks for payments into a purported Bitcoin trading platform and tries to obtain credit card or bank account information from readers."MAS warned the public to exercise"extreme caution" and avoid providing any financial or personal information on the forms linked from the website.
"Anyone who suspects that an investment could be fraudulent or misused for other unlawful activities should report such cases to the police," MAS said.
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