the singapore police have warned the investors of the fun coffee platform of double fraud

The Singapore police have warned that victims of the investments of the Fun Coffee platform are being subjected to “money recovery” double fraud. Fraudsters impersonating funcoffee or third-party recovery service providers, claiming to be able to assist in the recovery of losses and to request a transfer from the victim ' s bank in the name of a deposit, tax or service fee, but are still unable to recover funds after payment. Earlier, on 8 August, the Singapore Police had informed that a 49-year-old woman suspected of promoting and recruiting participants had been investigated by the Singapore Police, which had informed that, in the name of a high-return investment, it had requested participants to transfer to a designated purse to USDT, and that some investors who had obtained additional commission through the development of new users had subsequently been unable to make a cash withdrawal。