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Singapore Loses $456 Million to Scams in First Half of Year, with Crypto Scams Accounting for 18%
Summary: According to reports, the Singapore Police Force has released data on scams and cybercrime for the first half of 2025. The data shows that Singaporeans lost approximately $456 million to scams, a decrease of about $66 million from the previous year. The number of scam and cybercrime cases decreased by 21.5% to 22,476 cases, compared ...
According to reports, the Singapore Police Force has released data on scams and cybercrime for the first half of 2025. The data shows that Singaporeans lost approximately $456 million to scams, a decrease of about $66 million from the previous year. The number of scam and cybercrime cases decreased by 21.5% to 22,476 cases, compared to 28,625 cases during the same period last year.
Losses from cryptocurrency-related scams accounted for nearly 18% of the total losses, reaching $81.6 million, primarily involving Tether, Bitcoin, and Ethereum. The Anti-Scam Command also recovered $56.7 million, including $17 million in cryptocurrency, and together with partners, prevented a potential loss of another $179 million.
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Link: Singapore Loses $456 Million to Scams in First Half of Year, with Crypto Scams Accounting for 18% [Copy]
