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5.5 Years’ Jail for M’sian Man Who Taught Syndicate Members How to Use Malware, Causing S’poreans S$3.2 Million in Losses

Summary by The Independent
SINGAPORE: In a first for Singapore, a 49-year-old Malaysian man who taught members of a syndicate how to use malware that caused millions in losses to over a hundred Singaporeans has been prosecuted. On Tuesday (Dec 9), Cheoh Hai Beng was slapped with a five-and-a-half-year jail sentence and fined S$3,608. According to a CNA report, […]
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Fintech Singapore broke the news in on Thursday, December 11, 2025.
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