Singapore CEO Duped into S$46.5M Transfer

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 10 hours ago

BANK-3.896%

BTC+0.387%

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Fraud Technique Exposed: A CEO in Singapore was tricked into authorizing a transfer of US$36.3 million (approximately S$46.5 million) on April 9 after scammers impersonated the chairman via a WhatsApp call, highlighting the severity and prevalence of executive impersonation fraud.
Funds Movement Details: Between April 13 and 17, the company transferred US$36.3 million into two local OCBC accounts, with US$27.1 million sourced from a Luxembourg subsidiary and US$9.7 million from the Singapore entity, reflecting significant internal control vulnerabilities and the complexity of fund flows.
International Cooperation in Crackdown: This case is part of

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Technical Analysis for BANK

Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Lorenzo Protocol (BANK) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0278	0.0311	0.0342	0.0375	0.0406	0.0439	0.047
Fibonacci	0.0311	0.0335	0.035	0.0375	0.0399	0.0414	0.0439

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About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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