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Man arrested for allegedly stealing $50k from victim who wanted to buy $100k in cryptocurrency, Singapore News

 25/06/2026 2 Views
Man arrested for allegedly stealing k from victim who wanted to buy 0k in cryptocurrency, Singapore News


A 25-year-old man was arrested on Monday (June 22) for allegedly stealing $50,000 from a victim who had arranged to purchase US Dollar Tether (USDT) amounting to $100,000 from him.

Police stated in a news release on Tuesday night that they were alerted to the incident along New Upper Changi Road at 11.55pm on Sunday.

Preliminary investigations revealed that the victim was preparing to hand over cash in exchange for the cryptocurrency and had placed a portion of it on the bench. 

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