Scammers reached out to Singapore residents via messaging apps.

Target Singaporean chinese speakers given scammers are only able to communicate in chinese.

iNTRODUCES SINGPOREANS TO invest in BITCOIN/VIRTUAL CURRENCY INVESTMENTS VIA THE FOLLOWING WEBSITE:
www.baishitecoin.ne?

Do your research before investing!

Reading Resource:
https://www.mas.gov.sg/news/media-releases/2017/mas-cautions-against-investments-in-cryptocurrencies
https://www.moneysense.gov.sg/articles/2019/12/risks-of-trading-payment-token-derivatives