Scam losses in Singapore have hit alarming levels, with over S$1.1 billion lost last year - a sharp 70.6% increase from the year before.

And one of the fastest-growing threats is investment scams, particularly those tied to cryptocurrency.

These scams are becoming more sophisticated, with fraudsters using social messaging platforms like WhatsApp and Telegram to impersonate financial institutions and promote fake investment opportunities.

What can investors do to protect themselves? What red flags should they look out for and how can they tell if an opportunity is too good to be true?

On The Big Story, Nadiah Koh speaks to Eric Oh, Financial Services Manager, PhillipCapital, to find out.

Scam losses in Singapore have hit alarming levels, with over S$1.1 billion lost last year - a sharp 70.6% increase from the year before.
And one of the fastest-growing threats is investment scams, particularly those tied to cryptocurrency.
These scams are becoming more sophisticated, with fraudsters using social messaging platforms like WhatsApp and Telegram to impersonate financial institutions and promote fake investment opportunities.
What can investors do to protect themselves? What red flags should they look out for and how can they tell if an opportunity is too good to be true?
On The Big Story, Nadiah Koh speaks to Eric Oh, Financial Services Manager, PhillipCapital, to find out.

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

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