The Singapore Police Force has reported that approximately SGD 456 million was lost to scams in the first half of 2025, marking a decrease of about SGD 66 million from the previous year. Cryptocurrency-related scams accounted for nearly 18% of the total losses, amounting to SGD 81.6 million, with Tether, Bitcoin, and Ethereum being the primary cryptocurrencies involved. The Anti-Scam Command successfully recovered SGD 56.7 million, including SGD 17 million in cryptocurrencies, and collaborated with partners to prevent an additional SGD 179 million in potential losses.