Crypto Scammers Target Singapore Prime Minister Le Hsien Loong’s Followers

Crypto Scammers Targeted Singapore Prime Minister Le Hsien Loong’s Followers

Bitcoin scammers and fraudsters have been expanding all over the internet. In Twitter, for example, they have targeted the followers of the most important figures in the technological and political fields.

This time, Bitcoin and crypto fraudsters are targeting the Singaporean Prime Minister Lee Hsien Loong and his deputy Tharman Shanmugaratnam. Scammers misuse the names of both government officials in order to steal cryptocurrency users’ funds.

On the matter, Lee said in a recent Tweet:

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

The government is already working in order to tackle the issue of “fake news.” The government might have greater powers in order to stop the spread of online fake news. Additionally, they want tech companies to be compliant with these issues and be effective controlling scammers.

Although Singapore has taken few regulations to control the cryptocurrency market, Sanmugaratnam, the Monetary Authority of Singapore and chairman of the city’s central bank and financial regulator, warned Singaporeans about the risks of investing in cryptocurrencies.

Other figures that have been targeted by these scammers include Elon Musk, Justin Sun or Charlie Lee.

Some days ago, Elon Musk wrote a tweet to Jackson Palmer, Dogecoin creator, to help him get rid of the ‘annoying scam spammers.’ After a private conversation held by these figures, Jackson Palmer wrote to Jack Dorsey, Twitter CEO, to automate and fix this issue with scammers.

Until now, there has not been a solution to deal with these attempts to steal users’ funds. The most important advice is not to send funds to other accounts that promise they will give back two or three times the funds you send. Additionally, it is always important to check whether the account writing these comments is real or is just fake.

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