In a statement made by the Singapore Ministry of Interior, it was stated that cryptocurrency scams reported to local police have increased approximately 6 times since 2019.
In a report shared by the Singapore Interior recently, the increase in complaints about crypto currency scams drew attention.
According to the report 2019 Number of cryptocurrency scams reported to police forces in the year 125 While this number in 2020 397‘eat, in 2021 631rose to .
In the shared report, most of the fraudulent activities Persons residing outside of Singapore It was stated that this situation forced the authority of the police and prevented them from taking any action:
Our ability to resolve these cases will depend on the level of cooperation of overseas law enforcement agencies and their ability to track these scammers. Where money is transferred abroad, recovery is even more difficult.
Although it is difficult to combat scams made from abroad, it is stated that the fight of the Singapore government on this issue has increased rapidly in recent years.
In addition, the people are educate against malicious activities It is underlined that education and awareness-raising efforts are also emphasized. The government has made the people more aware of this skeptical and researcher invites you to be.