PANews reported on June 10 that the ransomware Akira has stolen $42 million from over 250 organizations in North America, Europe, and Australia within a year, and it is now actively targeting enterprises in Singapore. The Singapore authorities have issued a joint warning to remind local businesses of the increasingly severe threat posed by the Akira ransomware variant. Previously, the Cyber Security Agency of Singapore (CSA), the Singapore Police Force (SPF), and the Personal Data Protection Commission (PDPC) have recently received complaints from multiple victims of cyber attacks, and subsequently issued warnings. A previous investigation by the Federal Bureau of Investigation (FBI) found that the Akira ransomware has been targeting enterprises and critical infrastructure entities.

The Singapore Police Force (SPF) said in a statement on Thursday that police received a notification at 2am on April 18 of an armed robbery at a residential unit in King Albert Park, Bukit Timah, in which at least four men robbed 11 victims between the ages of 25 and 45. The victims were robbed of various valuables, including Singapore and foreign coins, Crypto Assets and luxury brand watches, with a total value of about S$4.34 million. As of press time, two men involved in the case, aged 28 and 32, were arrested in Malaysia on April 27 and 28. The two men involved were extradited back to Singapore on April 30. The Singapore Police are working closely with Malaysia to trace the whereabouts of the other suspects. The two men will be charged under sections 395 and 397 (armed robbery by conspiracy) of the Penal Code and can be sentenced to up to 20 years in prison and up to 24 strokes of the cane in long. The investigation of the case is ongoing. (Lianhe Zaobao)

According to news on July 31, the encrypted lending platform Hodlnaut announced that at a disposal investigation hearing held on July 25, the court approved the order sought by the Singapore Police Commercial Affairs Bureau (CAD), that is, the Singapore Police Commercial Affairs The account seized by the Bureau (CAD) will be released or released, and the 10 million cryptocurrencies transferred to SPF by the company on July 14, 2022 (whether it is in US dollars or not) will be delivered to Samtrade’s liquidator. The court further noted that the outcome of the disposition investigation is not conclusive as to a party's right to own these cryptocurrencies. In November 2022, the Commercial Affairs Bureau of the Singapore Police Force issued an announcement stating that it was investigating possible fraud by the troubled cryptocurrency lending platform Hodlnaut and its directors.