The Singapore Police Force announced the fraud and cybercrime data for the first half of 2025. The data shows that Singaporeans lost approximately 456 million SGD to scams, a decrease of about 66 million SGD compared to last year. Losses from cryptocurrency-related scams accounted for nearly 18% of the total losses, reaching 81.6 million SGD, primarily involving Tether, Bitcoin, and Ethereum. The Anti-Fraud Command also recovered 57 million SGD, including 17 million SGD in cryptocurrencies, and worked with partners to avoid an additional potential loss of 179 million SGD. (FintechNews)