Across the digital marketplaces of Southeast Asia, an old human vulnerability — the desire for effortless gain — has once again been dressed in new clothes. In Singapore, a 49-year-old woman was arrested in early August for her role in Fun Coffee, a cryptocurrency pyramid scheme that promised wellness, wealth, and community while quietly draining nearly HK$100 million from some 200 victims across Hong Kong, Macau, and Singapore. The scheme's sophistication lay not in its mechanics, which were ancient, but in its costume: a lifestyle brand, a blockchain app, a vending machine in a shophouse — j
Singapore arrests woman in $1B Fun Coffee pyramid scheme probe
Approximately 200 victims across Hong Kong, Macau, and Singapore lost nearly HK$100 million; one Singapore victim invested $400,000 with no recovery.