According to Lianhe Zaobao, a woman reportedly fell victim to a cryptocurrency investment scam, successively transferring over 1.3 million Singapore dollars (approximately 1.01 million US dollars) to a 23-year-old man since May. After receiving the report, Singapore police launched an investigation and arrested the man at the Woodlands Checkpoint on June 20 when he attempted to leave the country. The police stated that a bank reported the incident to the authorities when an employee suspected the woman was being scammed while trying to withdraw a large sum of money. Police subsequently located the woman and conducted initial investigations, which revealed that she had withdrawn over 300,000 Singapore dollars from another bank branch and handed it to the man in exchange for cryptocurrency.
Singapore police arrested a crypto fraud suspect who tried to leave the country, involving about $1.01 million
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