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US Indicts Malaysian National in Madagascar NFT Scam Operation

US Indicts Malaysian National in Madagascar NFT Scam Operation

First seen 28 Oct 2026, 18:10 UTC • •
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ThreatCluster AI
ThreatCluster •October 28, 2026 at 19:11 UTC
  • •Six individuals, including Chui Kok Wa, indicted for a Madagascar-based NFT scam.
  • •Scammers targeted Americans, posing as women on dating sites to steal funds.
  • •FBI investigation revealed over $516,695 stolen from approximately 800 victims.

The US Justice Department announced indictments against Malaysian national Chui Kok Wa and five accomplices for their involvement in a Madagascar-based scam operation that defrauded Americans through fake NFT investment schemes. The operation reportedly stole over $516,695 from approximately 800 victims across various states, including Maryland and Oregon. Scammers posed as women on dating websites to lure victims into connecting their cryptocurrency wallets to fraudulent platforms. The FBI's investigation revealed that the operation moved to Madagascar after law enforcement actions in Cambodia. During an August trip to Madagascar, FBI agents accessed over 3,000 devices and identified numerous scam compounds. The Justice Department has called for the extradition of the accused from Madagascar, where some suspects were repatriated to China before interviews could be conducted. Additionally, 15 employees of the scheme, who claimed to be human trafficking victims, are believed to be detained in Madagascar.

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Timeline

2026-10-27
US indictments announced
The Justice Department indicted Chui Kok Wa and five others for their roles in a Madagascar scam operation targeting Americans.
Therecord.Media
2026-10-27
FBI investigation details released
FBI agents accessed over 3,000 devices in Madagascar, uncovering the operation's inner workings and connections to China.
Cyberscoop

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Common questions

How many victims were affected?
Approximately 800 victims were targeted, resulting in losses exceeding $516,695.
What methods did the scammers use?
Scammers posed as women on dating websites to lure victims into fraudulent NFT investment schemes.
What is the current status of the suspects?
The suspects are believed to be in Madagascar, with extradition requests pending from the US.