The Singapore government reminds citizens to be vigilant against cryptocurrency theft incidents

ChainCatcher news, according to 8world, the Singapore Police Force and the Cyber Security Agency issued a joint statement indicating that recently, criminals have been observed using various methods to steal cryptocurrency from victims' wallets. Their common tactics include:

• Impersonating legitimate entities on social media, using giveaways or promotional activities as bait, and asking victims to "verify" their wallets by sharing login credentials and other personal information.
• Criminals may also impersonate the owners of cryptocurrency companies, sending malicious links under the pretext of assessing the victims' capabilities in the blockchain field. Once clicked, these links automatically transfer cryptocurrency from the victims' wallets.
• Additionally, criminals may exploit phishing websites, software vulnerabilities, smart contracts, etc., to invade victims' wallets and steal cryptocurrency.

Singapore government agencies urge the public to take preventive measures to protect their wallets, such as: using hardware wallets and other secure offline storage devices; employing strong passwords and two-factor authentication; and regularly checking accounts.

If you suspect that you have become a victim, you should immediately contact the cryptocurrency exchange to stop trading or freeze your account if possible; check and revoke any suspicious token authorizations; promptly transfer any remaining cryptocurrency from the affected wallet to another wallet; and report to the relevant authorities.