Singapore Investors Lost $78,000 in Bitcoin Scams Over 3 MonthsSingapore Investors Lost $78,000 in Bitcoin Scams Over 3 Months
By Mary Kihoro - December 6, 2018

A recent report has revealed that Singaporeans have lost about $78,000 over a period of three months following an elaborate online scam that lures them using articles filled with 'get rich quick' testimonials. The recruitment advertisements feature celebrities in the countries whose pictures have been used without their approval. Authorities in Singapore are worried by the new trend and have urged Singaporeans not to fall prey to such investment scams.