Singaporeans lose over $100,000 to new crypto gaming craze

One Neko Inu player converted US$10,000 in the game, just three days before all USDT was converted to Neko$ (posed photo). NEW PAPER FILE PHOTO
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SINGAPORE - About 20 police reports have been made against a Singaporean named as the chief marketing officer of a play-to-earn game that has allegedly cost local players more than $100,000 in lost cryptocurrency.

The Neko Inu game rode on the play-to-earn crypto gaming craze and was launched earlier this year, allowing players to earn USDT, which is a form of cryptocurrency.

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