According to the Lianhe Zaobao, Singapore’s Ministry of Interior Minister Sun Xueling said that cryptocurrency fraud accounts for one-quarter of the total amount of losses involved in fraud last year. In the most involved fraud case last year, the victim clicked on the fake meeting link and downloaded and ran the malicious code on the computer, losing about 125 million SGD. Sun Xueling said that in addition to malware, scammers will also design fake web pages, issue phishing links, or using the trick of "pump and dump" to swell the price of Memecoin and then make it plummet. Our advice to the public is to stay away from cryptocurrencies. The risk of being burned is very high, and if you become a victim of a scam, the chance of getting back a penny is very slim.