Singapore police said a joint anti-scam operation carried out from April 16 to May 31, 2026 helped prevent more than $4.2 million in potential losses involving over 145 people. The operation was led by the police’s Anti-Scam Centre and Cybercrime Command, working with Coinbase, Coinhako, Gemini, Independent Reserve, OKX, StraitsX and Upbit. Authorities used blockchain analytics tools from Chainalysis and TRM Labs to identify possible victims and conducted more than 145 targeted interventions through phone calls and physical engagements.
Coinbase Singapore also said on X on July 10 that its work with Singapore police helped stop scam-related losses totaling more than $4.2 million across more than 145 individuals. Police said they will keep working with cryptocurrency exchanges and other private-sector partners to combat cybercrime. The report was cited by Bitcoin.com News.
Singapore police said a six-week anti-scam operation conducted from April 16 to May 31, 2026 prevented more than $4.2 million in potential losses involving over 145 possible scam victims.
Police worked with seven crypto platforms
The operation was carried out by the Anti-Scam Centre and the Cybercrime Command in partnership with Coinbase, Coinhako, Gemini, Independent Reserve, OKX, StraitsX and Upbit.
Authorities said they used blockchain analytics tools from Chainalysis and TRM Labs to identify potential victims, then made more than 145 targeted interventions through phone calls and in-person visits.
Coinbase Singapore disclosed the result on X
On July 10, Coinbase Singapore said on X that its cooperation with Singapore police helped prevent scam losses totaling more than $4.2 million across more than 145 people.
More joint action planned
Singapore police said they will continue working with cryptocurrency exchanges and other private-sector partners to fight cybercrime, according to Bitcoin.com News.
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