Singapore Police Prevent $4.2M Crypto Fraud Losses Across 145 Cases
2026-07-12 11:32

Woofun AI reports that the Singapore Police Force collaborated with cryptocurrency exchanges including OKX, Coinbase, and Upbit to thwart fraud during a six-week operation from April 16 to May 31, 2026. Utilizing blockchain analysis tools from Chainalysis and TRM Labs, authorities executed over 145 targeted interventions through phone calls and in-person visits. These efforts prevented potential losses exceeding $4.2 million for identified victims. The Singapore Police Force confirmed ongoing cooperation with private sector entities to combat cybercrime.

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Tags:
Chainalysis
TRM Labs
Coinbase
Coinhako
Gemini
Independent Reserve
OKX
StraitsX
Upbit
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