Singapore Minister Warns Public Against Crypto as Fraud Cases Surge

Singapore’s Minister of State for Home Affairs warns against cryptocurrency investments, citing a 70% rise in scam losses to $1.1 billion in 2024, with crypto scams accounting for a quarter of the total.
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zkLend Launches Recovery Portal for Victims of the Drained $9.6 Million

zkLend has launched a Recovery Portal, allowing users to recover funds lost in a $9.6 million (3,600 ETH) hack in February 2025. This incident was part of a broader surge in crypto losses, which increased 20-fold in February compared to January 2025. As the recovery process begins, affected users hope for a swift and complete reimbursement, citing concerns over potential delays reminiscent of the prolonged Mt. Gox recovery.
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