Svmuureports that in an effort to combat scams involving cryptocurrencies, the Anti-Scam Centre and the Cybercrime Investigation Branch of the Singapore Police Force, in collaboration with cryptocurrency platforms, have successfully intercepted over S$2.86 million in scam funds.
In a statement on Thursday (April 23), the Singapore Police Force said that authorities worked with cryptocurrency platforms such as Coinbase, Coinhako, StraitsX, and Upbit in a month-long enforcement operation from March 16 to April 15 this year.
During the operation, authorities utilized tools from blockchain intelligence firm TRM Labs and blockchain analytics firm Chainalysis. Through advanced blockchain analysis techniques, they identified victims of various scams, including government official impersonation scams, investment scams, job scams, and online romance scams. (Lianhe Zaobao)