A Singaporean woman allegedly fell victim to an eyewash in Crypto Assets investment, losing over 1.3 million Singapore dollars.

[Coin World] June 21 news, it is reported that a woman is suspected of falling into an Crypto Assets investment eyewash, and has successively handed over more than 1.3 million Singapore dollars (about 1.01 million US dollars) to a 23-year-old man since May. The Singapore police quickly launched an investigation after receiving a report and arrested the man at the Woodlands checkpoint on June 20 before he attempted to leave the country. The police stated that the authorities received a report from a bank, indicating that a woman was stopped by bank staff when trying to withdraw a large sum of money, and the staff suspected she might have fallen victim to an eyewash. The police subsequently successfully located the woman to understand the situation and found that she might be a victim of an Crypto Assets investment eyewash. Preliminary investigations showed that before police intervention, she had withdrawn more than 300,000 Singapore dollars from another bank branch and handed the money to the man in exchange for Crypto Assets. The police said that since May 2025, the woman has handed over more than 1.3 million Singapore dollars to the man.