As a Singaporean, I’m shook that the system can be broken so seemingly easily.
As for a human being (myself) it is hard as it is to transfer my CPF (similar to a pension fund) for payments such as housing, medical, investments etc without having a million OTPs, gov app (Singpass) verifications etc.
All things considered, $100+K out of $10M is ~1%, is not much for scam amounts lost from CPF (pension).