Money Mind: 5 things you need to know about avoiding cryptocurrency scams | EP 10
Crimes related to cryptocurrency investments are on the rise in Singapore. Between 2018 and 2020, investors in Singapore lost around S$29 million to fraud and cheating in cryptocurrency investments. The number of police reports related to such investments has also more than tripled. How do you avoid being caught in a cryptocurrency scam? Money Mind’s Jonathan Peeris speaks to Hong Qi Yu from crypto exchange, Tokenize Xchange, and a crypto investor who lost almost all her life savings in an investment scheme that went wrong.