At least 70 police reports filed against Singaporean-run crypto trading platform Torque

Torque chief executive Bernard Ong took questions from the cryptocurrency trading platform's community during a Zoom session on Feb 18, 2021.
Torque chief executive Bernard Ong took questions from the cryptocurrency trading platform's community during a Zoom session on Feb 18, 2021.PHOTO: TORQUE
Senior Correspondent
  • Published
    Mar 24, 2021, 5:00 am SGT
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SINGAPORE - At least 70 police reports were lodged against online cryptocurrency trading platform Torque, run by Singaporean businessman Bernard Ong, with investors claiming millions lost in cryptocurrencies.

Three days before the Chinese New Year holidays last month, retail investors were told that one of Torque's employees had apparently violated the company's rules and that his unauthorised trading activities had led to significant losses in their trading accounts.

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