Crypto scam losses in Singapore fell 43% year over year, with Coinbase and the Anti-Scam Centre helping to intercept over S$18.9 million
The impact of security incidents on the market is usually assessed based on three things:
1) How large the losses are relative to the project’s size;
2) Whether the stolen funds will be dumped on the market;
3) How quickly the project team responds.
In the short term, volatility in related assets can be easily affected.