Preventing Potential Losses of About $2.7 Million, Singapore Police and the FBI Strengthen Blockchain Intelligence Sharing
Svmuu News: On July 24, the Singapore Police Force and the U.S. Federal Bureau of Investigation signed a memorandum of understanding to strengthen joint operations, intelligence sharing, training, and law enforcement assistance in cases involving online scams, cyber fraud, and money laundering. In July, the two agencies completed a joint operation targeting cross-border cryptocurrency scams involving Singapore and the United States. Through the sharing of information and blockchain intelligence, they identified 54 victims and potential victims and prevented potential losses of approximately $2.7 million in the United States and approximately 388,000 Singapore dollars in Singapore. (Theindependent)
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