UbitMarkets Review 2026: No Regulation, Direct Links to UBIT Coin Scam, and Serious Platform Risks
UbitMarkets review reveals no valid license and direct links to a fraudulent project, raising serious concerns over investor fund safety.
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Abstract:Scam alert! Impersonators posing as OneMotoring have stolen $407,000 through fake messages about unpaid transport bills. Police urge the public to stay alert.

Singaporeans are urged to stay vigilant against sophisticated phishing scams impersonating OneMotoring, with criminals stealing over $407,000 since December 2024 through fake transport bill alerts.
The Land Transport Authority (LTA) confirmed that fraudsters are sending deceptive SMSes claiming recipients have unpaid road tax or fines, embedding malicious links to cloned OneMotoring payment portals. Victims unknowingly surrender credit card details, only discovering unauthorized transactions later.
How the Scam Works:

Legitimate LTA Notifications never include payment links. Official alerts arrive via:
This scam reflects a broader crisis – Singaporeans lost $1.1 billion to fraud in 2024 alone, with total scam losses exceeding $3.4 billion since 2019.
Protect Yourself:
✅ Verify sender IDs before clicking links
✅ Access OneMotoring directly via LTAs official website
✅ Enable transaction alerts for your bank cards
Police emphasize that urgent payment demands via SMS should always raise suspicion. When in doubt, contact LTA through verified channels to confirm any billing notices.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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