NFT & Digital Asset Scam Recovery in Singapore
Lost money to nft & digital asset scam in Singapore? TrustUs Recovery Ltd helps victims pursue recovery through the correct legal and financial channels for Singapore — honestly, and with no guarantee dressed up as a promise.
Start your free case assessmentHow nft & digital asset scam works
NFT and digital-asset scams include fake mints, spoofed marketplaces, malicious 'claim' sites and approval drains that transfer your collectibles or tokens. Hype and fear of missing out are used to rush decisions.
Warning signs
- Surprise 'you won an NFT' claim links
- Mints requesting unusual wallet approvals
- Marketplaces at look-alike domains
- DMs from 'support' or 'devs'
- Floor prices that collapse right after you buy
The recovery framework in Singapore
In Singapore, the bodies and rules most relevant to your case are:
| Financial regulator | Monetary Authority of Singapore (MAS) |
|---|---|
| Dispute resolution / ombudsman | Financial Industry Disputes Resolution Centre (FIDReC) |
| Currency | SGD |
| SEPA zone | no |
Visa/Mastercard chargebacks via issuing bank under scheme rules. Not in SEPA — domestic rails are FAST/PayNow. The MAS/IMDA Shared Responsibility Framework (live 16 Dec 2024) assigns banks and telcos duties to mitigate and compensate phishing-scam victims where duties are breached.
If you paid a bank in Singapore — for example DBS Bank, OCBC or United Overseas Bank (UOB) — contact its fraud team as soon as possible, as a recall is far more likely while the money is still there.
Can you get your money back?
For nft & digital asset scam cases in Singapore, the primary route is usually crypto tracing & recovery. Crypto tracing follows funds across the blockchain from your wallet, through intermediary addresses, to the exchange or service where they are cashed out — producing an evidenced trail for that exchange and law enforcement.
Where the facts allow, we also pursue regulator & ombudsman complaint as a secondary route.
Tracing follows the assets and any sale proceeds on-chain toward a cash-out exchange; a documented report there and to the regulator is the realistic route.
Evidence to gather now
The stronger your evidence, the better your prospects. For nft & digital asset scam, gather:
- Wallet and contract/collection addresses
- Transaction hashes for mints and transfers
- The marketplace or claim-site URL
- Approvals granted
- Related communications
The recovery process
- Free assessment. We review how, when and to whom the funds were sent.
- Evidence pack. We assemble transaction records, communications and platform details.
- Action. We initiate the relevant route — crypto tracing & recovery or regulator & ombudsman complaint — and engage the bank, provider or exchange.
- Escalation. Where needed, we escalate to Financial Industry Disputes Resolution Centre (FIDReC) or Monetary Authority of Singapore (MAS).
Why acting fast matters
Tracing is possible at any time, but freezes and exchange cooperation are easier before funds are withdrawn or laundered. Recovery prospects fall sharply once funds are withdrawn or moved across borders, so the sooner you start, the stronger your position. Even older cases can be worth assessing — but do not wait to find out.
Frequently asked questions
Can I recover money lost to nft & digital asset scam in Singapore?
Tracing follows the assets and any sale proceeds on-chain toward a cash-out exchange; a documented report there and to the regulator is the realistic route. In Singapore, support can also come from a complaint to Financial Industry Disputes Resolution Centre (FIDReC) where a regulated entity is involved. TrustUs Recovery Ltd assesses your case for free and explains the realistic routes.
Do you guarantee recovery, and what does it cost?
No. TrustUs Recovery Ltd never guarantees recovery and never asks for an upfront fee to 'release' funds — that is a hallmark of a recovery scam. We give a free, honest assessment first and are transparent about any costs.
How quickly should I act?
As soon as possible. Tracing is possible at any time, but freezes and exchange cooperation are easier before funds are withdrawn or laundered.
What evidence do I need for a nft & digital asset scam case?
Useful evidence includes: Wallet and contract/collection addresses; Transaction hashes for mints and transfers; The marketplace or claim-site URL; Approvals granted; Related communications.
Who regulates financial services in Singapore?
Monetary Authority of Singapore (MAS) is the relevant financial regulator in Singapore, and consumer disputes can be taken to Financial Industry Disputes Resolution Centre (FIDReC).
Lost money to nft & digital asset scam in Singapore?
Get a free, confidential assessment of your case from a licensed recovery firm.
Request a free recovery assessment