ChainCatcher news, according to 8world, the Singapore Police Force and the Cyber Security Agency issued a joint statement indicating that recently, criminals have been observed using various methods to steal cryptocurrency from victims' wallets. Their common tactics include:Impersonating legitimate entities on social media, using giveaways or promotional activities as bait, and asking victims to "verify" their wallets by sharing login credentials and other personal information.Criminals may also impersonate the owners of cryptocurrency companies, sending malicious links under the pretext of assessing the victims' capabilities in the blockchain field. Once clicked, these links automatically transfer cryptocurrency from the victims' wallets.Additionally, criminals may exploit phishing websites, software vulnerabilities, smart contracts, etc., to invade victims' wallets and steal cryptocurrency.Singapore government agencies urge the public to take preventive measures to protect their wallets, such as: using hardware wallets and other secure offline storage devices; employing strong passwords and two-factor authentication; and regularly checking accounts.If you suspect that you have become a victim, you should immediately contact the cryptocurrency exchange to stop trading or freeze your account if possible; check and revoke any suspicious token authorizations; promptly transfer any remaining cryptocurrency from the affected wallet to another wallet; and report to the relevant authorities.

ChainCatcher news, according to Bloomberg, the Singapore government released a 126-page report on Thursday that deeply assesses the money laundering risks faced by the country. The report points out that in the process of attracting global super-rich individuals and building an international financial wealth center, Singapore also faces severe anti-money laundering challenges. This situation makes Singapore vulnerable to being used as a channel for laundering proceeds from overseas financial fraud and other criminal activities.The report details various money laundering methods within Singapore, including the use of bank accounts, payment accounts, shell companies, and other complex structures and arrangements for fund transfers and concealment. The report particularly emphasizes that banks, due to their financial attributes and service characteristics, have become high-risk areas in money laundering activities.Singapore's banking system is vast, with over 150 banks, many of which offer convenient online financial services, facilitating electronic fund transfers. This also provides opportunities for money laundering activities.According to the report, in a recent money laundering scandal, Singapore authorities seized over 1.5 billion Singapore dollars from related bank accounts. These funds are associated with 10 convicted Chinese nationals and 17 fugitives. Additionally, cash, cryptocurrencies, properties, gems, jewelry, watches, and luxury handbags were also seized from criminals.

According to Chain Catcher news and a report by News1, the South Korean Ministry of Foreign Affairs and the Southern District Prosecutor's Office's joint investigation team for financial and securities crimes revealed that the order for the return of Terra founder Do Kwon's passport was announced on October 5. If the passport is not returned to the Ministry of Foreign Affairs or the passport agency, or the diplomatic mission abroad within 14 days of the announcement, according to Article 13 of the Passport Act, his passport will become invalid. This means that after October 19, Do Kwon's passport will lose its validity, resulting in his status as an illegal resident, and the Singaporean government may expel Do Kwon. (source link)