Crypto Investment Scam Robs Singapore Residents of $78,000 over 3 Months

A cryptocurrency scam involving a slew of fake advertisements encouraged Singapore residents to invest in Bitcoin, the result being the theft of around $78,000 from September to November this year.

According to a report by local news outlet The Straits Times, the Singapore police is currently investigating a series of fraud cases that lead back to a suspect crypto investment scheme.

The scam began with online advertisements featuring well-known personalities in Singapore endorsing Bitcoin investment and claiming to have netted huge returns from said investment. The ads mislead the general public into thinking crypto investm…

This article appeared first on Cryptovest

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