Rich Asian investors drive fresh Trump-fuelled crypto boom in Singapore

Following Donald Trump’s election, Singapore’s wealth managers have begun allocating vast amounts of capital to crypto investment. According to Gerald Goh, CEO of Sygnum, a Singapore-based virtual asset banking group, Trump’s re-entry has had an electrifying effect on cryptocurrencies and crypto-related companies, leading to a mad scramble for rich Asian investors who are now allocating […]

Crypto scam victim files $3m lawsuit against three Asian banks

Three Asian banks are being sued after they allegedly failed to protect a customer from a $1 million crypto scam by neglecting basic Know Your Customer and Anti-Money Laundering checks. Ken Liem, a resident of California, has filed a lawsuit against three banks, namely Hong Kong-based Fubon Bank Limited and Chong Hing Bank Limited, alongside […]