Singapore

Token 2049 is one of the world's largest crypto conferences, held annually in Singapore and Dubai by Hong Kong-based BOB Group. The event has faced repeated criticism for insufficient sponsor vetting, most notably when OFAC- and UK-sanctioned Russia-linked stablecoin A7A5 was listed as a platinum sponsor and given a speaking slot at the October 2025 Singapore edition. Separately, in March 2025, on-chain investigator ZachXBT publicly flagged multiple Token 2049 sponsors — including DWF Labs, Bitunix, JuCoin, WEEX, and Spacecoin — for fraud, wash trading, and regulatory non-compliance, warning that conference sponsorship carries no implied credibility.

Crypto.com is a Singapore-headquartered centralized cryptocurrency exchange founded in 2016 (originally as Monaco) by Kris Marszalek, Bobby Bao, Gary Or, and Rafael Melo. The platform has been subject to multiple serious security incidents, including a confirmed January 2022 hack in which $34 million was stolen via a 2FA bypass and laundered through Tornado Cash, and an alleged 2023 data breach linked to the Scattered Spider hacking group that the company did not publicly disclose to affected users. Blockchain investigator ZachXBT has publicly accused Crypto.com of governance manipulation and tokenomics fraud, citing the March 2025 reissuance of 70 billion CRO tokens that had been permanently burned in 2021, and the company's controversial 2020 forced swap from its original MCO token to CRO at unfavorable rates.

WazirX is an Indian cryptocurrency exchange, operated by Zanmai Labs Pvt Ltd under Singapore-registered parent Zettai Pte Ltd, that lost approximately $234.9 million in a July 2024 multisig-wallet exploit later attributed by the governments of the United States, Japan and South Korea to North Korea's Lazarus Group. Beyond the hack itself, the exchange carries a long record of own-conduct risk: a disputed Binance ownership relationship that has complicated victim recovery, a public attribution fight with its former custody provider Liminal, repeated Indian Enforcement Directorate FEMA and money-laundering actions since 2021, and a 15-month freeze on user funds that ended only after a Singapore court approved a revised restructuring plan in October 2025. A Supreme Court of India petition seeking a criminal probe of WazirX's founder was dismissed in April 2025 on jurisdictional grounds, leaving most liability questions unresolved.