BlockBeats news, on June 21, according to Lianhe Zaobao, a woman in Singapore has reportedly fallen victim to a cryptocurrency investment scam since May 2025, having paid over 1.3 million Singapore dollars to a 23-year-old man. The police launched an investigation after receiving a bank report and arrested the man on June 20 as he attempted to leave the country at the Woodlands checkpoint, seizing two mobile phones and suspected stolen bank cards. The man, Chen Jiahao, was charged on June 21 with violating the Computer Misuse Act, and the case will continue on June 27. The police are continuing to investigate his alleged fraudulent activities.