According to Lianhe Zaobao, Singapore's Home Affairs Minister Sun Xueling said that cryptocurrency fraud accounted for a quarter of the total losses involved in fraud last year. In one of the highest fraud cases last year, the victim clicked on the fake conference link and downloaded and ran malicious code on the computer, losing about 100 million 25 million yuan. Sun Xueling said that in addition to malicious software, fraudsters will also design fake web pages, send phishing links, or use "pump and dump" tricks to drive up the price of Memecoin and make it plummet. Our advice to the public is to stay away from cryptocurrencies. The risk of being "burned" is high, and the chance of getting a penny back if you become a victim of a scam is very small.