$78k lost to bitcoin investment scams in last 3 months

About $78,000 was lost to scams involving online articles that use false information to promote bitcoin investments between September and last month. These investment scams, which are advertised online, are designed to target Singapore residents, the police said yesterday. The online articles are usually paid advertisements that feature well-known personalities in Singapore who supposedly endorse bitcoin investments and have earned massive profits from them. In these online advertisements, bitcoin investments are portrayed as safe, secure and highly lucrative. People who click on links within the article are taken to a…

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