Singapore police said a six-week anti-scam operation carried out from April 16 to May 31, 2026 led to more than 145 targeted interventions and prevented over $4.2 million in potential losses. The operation was led by the police anti-scam center and cyber investigation units, working with Coinbase, Coinhako, Gemini, Independent Reserve, OKX, StraitsX and Upbit. Investigators used blockchain analytics tools from Chainalysis and TRM Labs to identify people who may have been at risk of falling victim to scams, then contacted them by phone or in person. Coinbase Singapore also said in a July 10 post on X that its work with Singapore police helped prevent losses of more than $4.2 million affecting over 145 people. Police said they will keep working with crypto exchanges and other private-sector partners to combat cybercrime.
Joint anti-scam operation ran for six weeks
According to ChainCatcher, Singapore police said the Anti-Scam Centre and cyber investigation units worked with Coinbase, Coinhako, Gemini, Independent Reserve, OKX, StraitsX and Upbit in a joint anti-scam operation from April 16 to May 31, 2026.
Using blockchain analytics tools from Chainalysis and TRM Labs, the operation identified potential scam victims and carried out more than 145 targeted interventions by phone and in person. Police said the effort prevented more than $4.2 million in potential losses.
Coinbase Singapore posted details on X
Coinbase Singapore said in an X post on July 10 that its cooperation with Singapore police helped prevent scam-related losses of more than $4.2 million affecting over 145 people.
Singapore police said they will continue working with cryptocurrency exchanges and other private-sector partners to fight cybercrime.
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