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Just found out that Singapore is also a serious hideout for scammers. The local police just arrested 3 residents involved in money laundering related to Taizi Group, even issuing a warrant for Chen Xiuling. The total assets seized have already exceeded 5 billion Singapore dollars, it's really intense.
Even more frightening, scams there have evolved into crimes supported by AI and blockchain. In 2024 alone, the losses have reached 1.1 billion Singapore dollars. Singapore is known for its advanced digital financial system and wealthy population, but it has become a haven for fraud.
Why do you think developed countries like that still have many scam victims? Is technology alone not enough to stop fraud?