Most of my friends said Singapore is quiet in the crypto space. WRONG! Let me highlight some big cases: 1) Singapore failed to retain Binance, the world’s largest cryptocurrency exchange. Since launching in 2017, Binance has accumulated more than US$125 trillion in lifetime trading volume. 2) Three Arrows Capital (3AC), the prominent Singapore-based crypto hedge fund, suffered a catastrophic trading loss exceeding $4.2 billion during its implosion. The collapse left its creditors with an estimated $3.3 billion to $3.5 billion in unpaid claims. 3) Malone Lam, a 20-year-old Singaporean national accused of leading one of the largest private cryptocurrency heist syndicates in U.S. history. His crime ring stole a total of US$263 million. 4) Singapore’s state-owned investment firm, Temasek Holdings, lost US$275 million (S$377 million) when the cryptocurrency exchange FTX collapsed. 5) MetaKovan is a Singapore-based crypto entrepreneur and investor. He bought Beeple's NFT for $69 million. The artwork is now worth $52,000. 6) Do Kwon's Terraform Labs, a Singapore-registered firm, was behind the algorithmic stablecoin TerraUSD (UST) and its sister token, Luna. When the system collapsed in May 2022, it wiped out US$60 billion in global value overnight.