The Singapore Police Force and major cryptocurrency exchanges identified more than 145 potential scam victims before funds were lost, preventing more than $4.2 million in potential losses through blockchain analysis and direct police intervention.
Key Takeaways
Singapore Police and major cryptocurrency exchanges intervened with more than 145 potential scam victims before funds were lost.Police investigators used blockchain tools from Chainalysis and TRM Labs to identify potential victims across multiple scam categories.Authorities plan to continue private-sector partnerships.“Over the past 6 weeks, Coinbase worked closely with the Singapore Police Anti-Scam Centre and Cyber Investigation Branch on a joint anti-scam operation. Together, we stopped 145+ people from losing a combined $4.2M+ to scams.”
Why Police and Exchange Cooperation Changed the OutcomeCoinbase, Coinhako, Gemini, Independent Reserve, OKX, StraitsX and Upbit participated in the police-led operation. The Singapore Police Force said the companies provided timely customer information that helped officers carry out more than 145 targeted interventions. Those contacts took place by telephone and in person.
The Singapore Police Force noted:
Continued Police Commitment to Public-Private Cybercrime PreventionThe figures announced by Singapore Police highlight potential losses prevented, reflecting the operation’s focus on early intervention before funds were transferred. The official release emphasized the scale of outreach and coordination, though it did not include detailed breakdowns such as individual cases or transaction-level data.
The Singapore Police Force emphasized:
