DPM Tharman appears in fake news used by two bitcoin investment websites that are trying to get your bank account and credit card details

Two investment websites of dubious origin have used photoshopped news of Tharman Shanmugaratnam, supposedly supporting the bitcoin industry, to attract customers.
Lianhe Zaobao

The government has condemned two websites trying to score bank account information from unsuspecting customers by pretending Deputy Prime Minister Tharman Shanmugaratnam supports the bitcoin industry.

One site claims that, according to DPM Tharman, Singapore will invest in bitcoin. The other says Tharman is a venture capitalist, and is investing S$1 billion in bitcoin on behalf of the country.

The sites promise users can get rich within a week. To create an account, they need to provide their credit card and bank account details.

Shots of the sites in question have been posted on government fact-checking website Factually.

The Monetary Authority of Singapore (MAS) said the claims are false, and the sites are “deceptive and misleading”.

It also advised people not to enter any financial or personal information on the sites.

MAS has published statements in the past that cryptocurrencies are risky investments, and Tharman himself has said dabbling in crypto could result in people losing everything they own.