CoinVoice has recently learned that, according to Lianhe Zaobao, a woman is suspected of falling into an eyewash involving Crypto Assets investment, having successively handed over more than 1.3 million Singapore dollars (approximately 1.01 million US dollars) to a 23-year-old man since May. The Singapore police launched an investigation after receiving reports and arrested the man at the Woodlands checkpoint on June 20 when he attempted to leave the country.

The police stated that a bank reported to the authorities when a woman attempted to withdraw a large sum of money, as the staff suspected she was involved in an eyewash. The police then contacted the woman to understand the situation, and preliminary investigations showed that she had withdrawn over 300,000 Singapore dollars from another bank branch and handed it over to a man in exchange for Crypto Assets.