Bitcoin Scam: Singapore Cautions Investors Against Fake Cryptocurrency Investment Schemes Using PM’s Name

Singapore’s government is warning its citizens against elaborate fraudulent Bitcoin schemes.

Singapore’s government is warning its citizens against elaborate fraudulent Bitcoin schemes. This warning comes following the emergence of websites touting false claims from senior government officials about fake cryptocurrency investment opportunities.

According to Bloomberg, scammers are using both the city-state’s Prime Minister – Lee Hsien Loong, and Deputy Prime Minister – Tharman Shanmugaratnam to deceive people into investing in fraudulent BTC investment schemes. In a tweet posted on Saturday, Lee said:

Scammers have used DPM Tharman’s and my name to solicit Bitcoin investments. Don’t believe everything you see on the Internet!

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