Data: Singapore Lost SGD 456 Million in the First Half of the Year Due to Scams, with Cryptocurrency-Related Scams Accounting for 18%

By: theblockbeats.news|2025/09/07 08:42:30

BlockBeats News, September 7th – The Singapore Police Force released the data on fraud and cybercrime for the first half of 2025, with fraud losses totaling about 456 million Singapore dollars, a reduction of about 66 million Singapore dollars compared to last year. There were 22,476 cases of fraud and cybercrime, a 21.5% decrease from the same period last year, which saw 28,625 cases. Losses from cryptocurrency-related scams accounted for nearly 18% of the total losses, reaching 81.6 million Singapore dollars, mainly involving USDT, Bitcoin, and Ethereum. The Anti-Scam Center recovered 56.7 million Singapore dollars, including 17 million Singapore dollars in cryptocurrency, and jointly averted a potential loss of another 179 million Singapore dollars with its partners.

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