Police reports of crime related to cryptocurrency investments on the rise in S’pore

A file photo of two construction workers using a lift along a wall of bitcoin mining at Bitfarms in Saint Hyacinthe, Quebec. Singapore police said 393 reports of cheating, fraud or other crimes related to investments in cryptocurrencies were made last year. — AFP

SINGAPORE: Police reports of crime related to cryptocurrency investments have soared since 2018.

In response to queries from The Straits Times, the police said 393 reports of cheating, fraud or other crimes related to investments in cryptocurrencies were made last year.