Singapore police have launched an investigation into seven individuals suspected of providing Worldcoin accounts and token trading services. Authorities have arrested five people, including three men accused of recruiting individuals to create Worldcoin accounts on behalf of multiple entities. This investigation, revealed by Deputy Prime Minister Gan Kim Yong, is part of a crackdown on illegal crypto activities and may involve violations of the 2019 Payment Services Act. The Monetary Authority of Singapore has noted potential risks such as money laundering and terrorism financing associated with these illegal sales.