According to ChainCatcher, a woman in Singapore is suspected of falling victim to a cryptocurrency investment scam, having gradually handed over more than 1.3 million Singapore dollars to a 23-year-old man since May. The police arrested the man on June 20 when he attempted to leave the country.
The police stated that a bank reported the authorities when the woman tried to withdraw a large sum of money, as staff suspected she was a victim of a scam. Preliminary investigations showed that she had withdrawn over 300,000 Singapore dollars from another bank branch and given it to the man in exchange for cryptocurrency.