Bitcoin Scams: Singaporeans Losing Thousands of Dollars to Crypto Fraudsters8.35

Singapore authorities recent report that residents have lost about $78,000 to fraudulent online platforms in three months.

The Straits Times reports that Singapore residents have fallen victim to some online Bitcoin scams in a couple of months, losing up to $78,000 between September and November 2018. The police claimed that unsuspecting Singaporeans were the target of these investment scams.