The police in Singapore warned towards pretend on-line articles posted on Saturday (Apr 30) purporting to turn High Minister Lee Hsien Loong endorsing cryptocurrencies comparable to Bitcoin and Ethereum.

Faux on-line articles depict the investments as “protected and extremely profitable”, in step with a information unlock from the police.

“The web articles are in most cases paid on-line commercials which can be disguised as information articles. They act as ‘clickbait’,” the police added.

Upon clicking the hyperlink throughout the article, customers will probably be taken to another web page providing funding alternatives thru cryptocurrency buying and selling and different monetary merchandise.

Anyone from the scheme will touch those that supplied touch main points at the web page. 

“The police wish to tell the general public to not care for such firms that use false or deceptive commercials,” they mentioned.

Legislation enforcement highlighted the significance of asking as many questions to totally perceive the funding alternative, and take into accout of crimson lighting if the corporate is not able to or avoids answering their questions.

Finally, they will have to take a look at at the corporate, its house owners, administrators and control individuals to evaluate if the chance is authentic. But even so that, you will need to ascertain the corporate’s and consultant’s credentials by way of the usage of the to be had sources, together with the Monetary Establishments Listing.

For more info on scams, individuals of the general public can discuss with or name the Anti-Rip-off Hotline at 1800-722-6688.

When you have any knowledge in terms of such crimes, please name the Police Hotline at 1800-255-0000, or put up it on-line at

Screenshot of a pretend article. (Screenshot: Singapore Police Power)

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