Singapore Police and Crypto Exchanges Team Up to Block $4.2M in Scam Losses
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Singapore police partnered with major crypto exchanges including Coinbase, Gemini, OKX, Coinhako, Independent Reserve, StraitsX and Upbit in a joint operation from April 16 to May 31, 2026 that warned over 145 potential victims and prevented more than $4.2 million in scam losses before funds were lost. Exchanges supplied data and custody support and authorities plan a new Cyber Command to bolster digital crime and scam tracking, improving crypto security and institutional cooperation.
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- Singapore police stopped over $4.2M in crypto scam losses with major exchange support.
- Exchange data helped officers warn over 145 potential victims before any funds were lost.
- New Cyber Command would strengthen Singapore’s digital crime and scam tracking efforts.
Singapore police prevented more than $4.2 million in potential losses during a crypto scam operation with major digital asset exchanges. The Anti-Scam Centre and Cyber Investigation Branch ran the operation from April 16 to May 31, 2026.
According to the report, law enforcement agencies and crypto exchanges conducted their second joint operation. Its emphasis is on preventing suspected victims from forwarding money to swindlers.
Exchanges Back Crack Down on Crypto Scams
Coinbase, Coinhako, Gemini, Independent Reserve, OKX, StraitsX, and Upbit took part in the operation.Those platforms offered cust…
Read The Full Article Singapore Police and Crypto Exchanges Team Up to Block $4.2M in Scam Losses On Coin Edition.
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