Singapore Police Arrest 23-Year-Old Crypto Scammer in $1M Exit Scheme – A Cautionary Tale for DeFi Investors

Singapore Police Arrest 23-Year-Old Crypto Scammer in $1M Exit Scheme – A Cautionary Tale for DeFi Investors

A 23-year-old man was arrested at Singapore's Woodlands Checkpoint attempting to flee after allegedly scamming a woman out of $1 million in a cryptocurrency investment scheme. As a seasoned crypto analyst, I break down how banks flagged suspicious transactions, why DeFi investors must stay vigilant, and the red flags this case exposes in 'too-good-to-be-true' crypto promises. Learn how to protect your digital assets from similar exit scams.
The $50M Crypto OTC Scam: How Greed and Social Proof Duped VCs and Whales

The $50M Crypto OTC Scam: How Greed and Social Proof Duped VCs and Whales

As a seasoned crypto analyst, I dissect the recent $50 million OTC scam that targeted prominent tokens like SUI, NEAR, and Axelar. Despite red flags, investors—including VCs and whales—fell for too-good-to-be-true deals on Telegram. Here’s how the Ponzi unfolded, why warnings were ignored, and what it reveals about crypto’s trust crisis. Spoiler: When something smells like a scam, it usually is.