Singapore Police and a Cryptocurrency Exchange Prevented 145 Potential Fraud Victims from Losing Over $4.2 Million
Svmuu News: During a six-week joint anti-fraud operation from April 16 to May 31, 2026, the Singapore Police Force’s Anti-Fraud Center and Cyber Investigation Department collaborated with Coinbase, Coinhako, Gemini, Independent Reserve,OKX, StraitsX, and Upbit to identify potential fraud victims using blockchain analysis tools from Chainalysis and TRM Labs. Through more than 145 targeted interventions—conducted via phone and in person—they prevented potential losses exceeding $4.2 million. Coinbase Singapore posted on X on July 10, stating that it had collaborated with the Singapore Police Force to prevent more than 145 people from suffering combined fraud losses totaling over $4.2 million. The Singapore Police Force stated that it will continue to work with cryptocurrency exchanges and other private-sector entities to combat cybercrime. (Bitcoin.com News).
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