Singapore – Building his cryptocurrency holdings over eight years and helping out defrauded traders, Singaporean investor Mark Koh had thought he was savvy enough to spot a scam. Until he fell prey to one.
Fraudsters wiped out his entire portfolio last year — a total loss of around US$120,000 or $130,000, Koh estimates — leaving him with a sense of “profound shame.”
Singapore’s high incomes, hyperconnectivity and public trust in institutions have long made it a prime target for scammers.
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