CNA938 producer Ernest Puey, who narrated the piece, mentioned he was impressed to provide the programme after noticing a “staggering” charge of enhance in cryptocurrency scams.
“In 2018, cryptocurrency scams made up simply 4 per cent of all reported pretend playing platform and funding scams. In 2020, virtually three in each 10 have been. Add to that the rising adoption amongst Singaporeans and the eye-watering positive factors seen in crypto markets, in addition to how simple it was to create your individual rip-off coin – all this made for an necessary story that I felt wanted to be informed.”
The programme incorporates a cryptocurrency rip-off sufferer sharing his story, analysts who give a behind-the-scenes have a look at enforcement and restoration investigations, and a developer who created an sudden viral hit in Singapore’s cryptocurrency area, the Umbrage Coin.
Stated Mr Puey: “The (analysis) course of additionally uncovered simply how easy it was to commit fraud via cryptocurrencies and the problem of regulating the area in opposition to dangerous actors who search to use the anonymity and decentralided nature of cryptos. We discovered a minimum of a dozen tutorial movies on YouTube that provided a step-by-step information on create these cash, market them, and siphon funds from victims.”
A key problem was taking a distinct segment space of the complicated cryptocurrency market and making it accessible to a normal information viewers, Mr Puey mentioned. “As one of many analysts within the radio documentary shared, even refined market contributors are struggling to rise up to hurry with the improvements and expertise within the decentralised finance and cryptocurrency area,” he mentioned.
He added that getting recognition for his work from SOPA was a “complete shock and absolute honour”. “It is humbling to be standing amongst giants within the business a lot of whom have put way over me on the road, in pursuit of the reality and to inform tales that change lives,” Mr Puey mentioned.
“For CNA938, I am proud that we broadcast award-winning content material that pushes the envelope in radio journalism. That is affirmation that our station is on the reducing fringe of reporting the urgent tales of the day to audiences each native and overseas.”
SOPA is a Hong Kong-based not-for-profit organisation devoted to pursuing excellence in journalism. Its awards recognise excellent works of journalism over the previous yr within the Asia-Pacific area.
The SOPA awards have been introduced at a ceremony in Hong Kong. This yr’s winners embrace the Wall Avenue Journal, New York Instances, Monetary Instances, Reuters and Bloomberg.
The Wall Avenue Journal took house an award for Public Service Journalism for its protection of the COVID-19 pandemic in an entry titled “Of Unknown Origin” and Myanmar Now received the highest regional Human Rights Reporting award for its protection of individuals impacted by the Myanmar coup.
A global consortium of investigative journalists, The Washington Submit and The Sunday Instances of Sri Lanka was recognised with the Carlos Tejada Award for Excellence in Investigative Reporting for his or her work on the Pandora Papers.