One victim lost at least S$4.9 million (US$3.8 million) in what was purportedly funding assistance related to the Strait of Hormuz.

SINGAPORE, May 15 — A victim has lost at least S$4.9 million (RM15.3 million) in a stunningly sophisticated scam that used deepfake AI technology to impersonate Singaporean…

One victim lost at least S$4.9 million (US$3.8 million) in what was purportedly funding assistance related to the Strait of Hormuz.