MAS proposes more measures for investors to seek civil compensation from market misconduct

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2025/10/27/mas-proposes-more-measures-for-investors-to-seek-civil-compensation-from-market-misconduct/

Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.

__

Business Times published an article with the above title on 24 October 2025:

• https://www.businesstimes.com.sg/companies-markets/mas-proposes-more-measures-investors-seek-civil-compensation-market-misconduct

Basically MAS is looking to enhance investors’ ability to seek civil compensation for losses suffered from market misconduct. This is exactly what we needed but lacked with the Tokenize Exchange Cease Operations saga.

I wrote a series of blog posts on this saga starting from the post titled "Tokenize Exchange is Ceasing its Operations in Singapore", went on to document my journey in preparing for crypto withdrawal, which was suspended due to the legal filings to appoint Interim Judicial Managers, and subsequently turned into liquidations. There were other parties who raised Class Action suits against Tokenize Exchange attempting to recover lost crypto assets.

All these legal actions were self-organized by some affected investors, and they were not coordinated efforts, possibly incurring unnecessary cost. The legal cost was either funded by those investors who engaged lawyers to act for them, or drawdown from Tokenize Exchange remaining assets still in their possessions. In the end, investors would likely be getting very little or even nothing back from the legal actions.

MAS's proposals are to facilitate self-organisation, provide access to funding and reduce legal barriers to civil action. Unfortunately it is too late to help the investors in the Tokenize Exchange saga.