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Singapore PM Lee Hsien Loong Calls Out Scam Using His Name to Target Bitcoin Investors

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Singapore PM Lee Hsien Loong Calls Out Scam Using His Name to Target Bitcoin Investors

Beware the Bitcoin‑Bait Scam: A Friendly PSA from Singapore’s PM

“Don’t Be Fooled by Online Fictitious ”

When Prime Minister Lee Hsien Loong popped onto Facebook on September 22, he gave one of those perfectly clear “don’t trust everything online” lectures, but he added a twist.

  • (A friendly screenshot showed a fake site with a photo of the PM and bold claims about how easy it is to make millions from Bitcoin.)*

    • “Anyone can be the target of fake news,” the PM warned.“Don’t believe everything you see on the internet!”

    The Doppelgänger Scam with Deputy PM Shanmugaratnam

    The same message hit the headlines because a month ago two rogue websites pretended to be endorsing Bitcoin investments. Those pages even mimicked comments from Deputy PM Tharman Shanmugaratnam. The Monetary Authority of Singapore (MAS) had already flagged these out‑of‑left‑brace sites—so the PM rattled the community one more time to stay vigilant.

    Parliament’s New Playbook Against Fake News

    The PM also highlighted the work of a recent parliamentary committee, the Select Committee on Deliberate Online Falsehoods (SCDF), which just delivered a report with 22 bold recommendations. The gist of those proposals includes:

  • Enacting fresh legislation to give the state better tools to counter disinformation
  • Urging tech giants to take proactive measures to prune fake content from their platforms
  • Building a nationwide framework to educate the public on spotting falsehoods
  • Encouraging private firms, media houses, and public institutions to collaborate on fact‑checking

    • A Call to Action—All Hands on Deck

    Lee repeated the sentiment that the PM alone can’t fight fake news. “We need businesses, tech firms, media outlets, public institutions, and most of all the public to be aware and act responsibly.” Think of it as a community watch—but for your digital sense of caution.

    Quick Checklist for the Everyday Internet User

  • Double‑check the source. If it’s a sensational claim, dig deeper.
  • Verify quotations. Fake profiles often steal real figures’ words.
  • Report suspicious sites to MAS or relevant authorities.
  • Spread the word—a few honest conversations could save dozens of people from a scam.

    • Bottom Line: Stay Smart, Stay Safe

    Prime Minister Lee Hsien Loong’s Facebook post was more than a casual note—it was a stern reminder that the internet’s a buffet of truth and fabrication. By staying skeptical, sharing awareness, and supporting legislative effort, Singaporeans can ward off “Bitcoin‑bee” scams and keep the digital space honest.

  • (Original story published in The Straits Times – reproduction requires permission.)*

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