Sumsub, a global verification and anti-fraud provider, is launching its inaugural What The Fraud Summit (WTF Summit) in Singapore on November 19-20, 2025. The visionary summit will bring together more than 500 leaders from the crypto, fintech, and compliance sectors to tackle the rising threat of crypto-focused fraud undermining industry confidence and adoption worldwide.
WTF Summit is designed as a dedicated platform to address the toughest challenges in fraud prevention, AI security, regulatory shifts, and compliance. It aims to build the future of digital trust across Asia-Pacific (APAC) and beyond—uniting regulators and industry to develop coordinated strategies through bold conversations and hands-on workshops.
Asia-Pacific: Setting the standard in crypto fraud prevention
Sumsub’s State of the Crypto Industry 2025 report reveals that APAC continues to lead global efforts against crypto fraud, recording a 23% drop in fraud rates from 2023 to 2024—the only region to see a reduction in crypto-related fraud. In APAC, the average fraud rates across crypto platforms are now just 2%, with Hong Kong and Singapore posting even lower figures at 1.1% and 1.4% respectively, thanks to strengthened regulations and innovative fraud prevention technologies.
Globally, the scenario is starkly different: fraud in the crypto industry surged by 48%, now accounting for 2.2% of all verification attempts. Document forgery (31%), phishing (20%), money muling (15%), account takeover (14%), and forced verification (12%) are the most prevalent attack types observed worldwide.
Recognizing the urgency, the WTF Summit will provide crypto leaders, regulators, and experts with a collaborative space to exchange real-world strategies and craft robust solutions for a safer digital asset ecosystem.
High-impact speaker lineup
WTF Summit presents a powerhouse lineup of global crypto leaders and regulatory voices tackling the industry’s toughest challenges in fraud prevention, compliance, and digital trust.
Some of the highlighted speakers include:
- T Raja Kumar, President, Financial Action Task Force (FATF) 2022-2024
- Lawrence Chan, Group CEO, NETS
- Hassan Ahmed, Country Director, Singapore, Coinbase
- Antonio Alvarez Lorenzo, Chief Compliance Officer, Crypto.com
- Angela Ang, Head of Policy and Strategic Partnerships, APAC, TRM Labs
- Amy Zhang, Head of APAC, Fireblocks
- Chee Keong Teo, Associate Partner, Asia-Pacific, Assurance Blockchain, EY
- Claudia Hui, Head of Compliance, Singapore, Revolut
- Mike Meadon, Director, Asia Pacific – LSEG Risk Intelligence
- Pasi Koistinen, CISO, Coinhako
The lineup also features senior leaders from organizations including AWS, Wirex, Mastercard, Travala.com, Matrixport, GrabFin, Paybis, and many more.
Expert crypto sessions and networking
Leading the conversation with case studies and actionable takeaways, the agenda at WTF Summit features a variety of crypto expert sessions, including:
- Future of digital payments: The payments landscape is evolving fast with real-time payments, mobile wallets, embedded finance, and CBDCs. This session examines how these changes reshape financial services—and if digital wallets might surpass traditional banks.
- Crypto goes mainstream: Lessons from Financial Institutions: Insights into how traditional financial institutions are integrating crypto into banking and payments, including common challenges and proven best practices.
- Navigating the crypto regulatory landscape in APAC: A comparative overview of regulatory developments, including the Travel Rule enforcement, market forecasts, and country-by-country analysis.
Beyond engaging content, WTF Summit offers unmatched networking with the brightest minds who are shaping the future of crypto, fraud prevention, and compliance.
For full program details, visit the WTF Summit agenda.
Limited Halloween special ticket offers
Tickets to the WTF Summit can be purchased at the official website: https://sumsub.com/wtf-summit/. For a limited time, take advantage of the Halloween Special and save 25% on your ticket—this promotional offer will last till November 4, 2025.
Follow the official LinkedIn page of WTF Summit for the latest updates.
About Sumsub
Sumsub is a leading full-cycle verification platform that enables fraud-free, scalable compliance. Its adaptive, no-code solution covers everything from identity and business verification to ongoing monitoring – quickly adjusting to evolving risks, regulations, and market demands.
Recognized as a Leader by Gartner, Liminal, and KuppingerCole, Sumsub combines seamless integration with advanced fraud prevention to deliver industry-leading performance.
Over 4,000 clients—including Bitpanda, Wirex, Avis, Bybit, Vodafone, Duolingo, Kaizen Gaming, and TransferGo—trust Sumsub to streamline verification, prevent fraud, and drive growth. The platform’s methodology follows leading global AML standards and regulations, and Sumsub has extensively engaged with leading research and public institutions like the UN, Statista, and INTERPOL.
Disclaimer: This is an Event Partner post and should not be treated as news/advice.