Across Singapore, Hong Kong, and Macau, a cryptocurrency investment platform called Fun Coffee has unraveled, leaving hundreds of participants unable to recover funds they believed were growing. A 49-year-old woman in Singapore was arrested for her role in recruiting others into what authorities describe as a pyramid scheme dressed in the language of wellness, community, and digital innovation. The scheme's collapse — marked by a sudden disappearance of its app on July 20 — is a recurring story in the human relationship with promised abundance: the architecture of easy returns built on the lab
Singapore arrests woman in Fun Coffee pyramid scheme probe
Victims across Singapore, Hong Kong, and Macau lost substantial funds totaling approximately HK$100 million through the fraudulent investment scheme.