Online reports, according to Lianhe Zaobao, a woman suspected of being involved in a cryptocurrency investment scam has handed over more than 1.3 million Singapore dollars (about 1.01 million US dollars) to a 23-year-old man since May. Singapore police launched an investigation after receiving the notification and arrested the man at the Woodlands checkpoint on June 20 when he tried to leave the country. Police said a bank notified authorities when a woman tried to withdraw a large amount of money because employees suspected that she had been cheated. The police then found the woman to understand the situation. Preliminary investigation revealed that she had withdrawn more than S$300,000 from another bank branch and handed it to the man in exchange for cryptocurrency.