Singapore Police Alert on Cryptocurrency Account Hacks via Compromised Emails

• •Unauthorized access to cryptocurrency accounts is rising due to compromised email accounts.
• •Scammers exploit reused passwords from previous data breaches to gain access.
• •Authorities recommend strong passwords and multi-factor authentication for protection.

The Singapore Police Force has issued a warning about a surge in unauthorized access to cryptocurrency accounts linked to compromised email accounts. This trend has been observed since mid-August 2026, with investigations revealing that many affected email accounts had previously been part of data breaches on other platforms. Scammers exploit reused passwords from these breaches to access victims' cryptocurrency accounts. They often create inbox rules to hide their activities and intercept password reset requests. Authorities recommend that users employ strong, unique passwords and enable multi-factor authentication to enhance security. Victims are urged to monitor their account activity and report any suspicious behavior immediately. The police have also provided a hotline for reporting such incidents.