Singapore police and cryptocurrency exchanges have prevented over 145 potential scam victims from losing more than 4.2 million USD.

The Singapore Police Force's Anti-Scam Centre and Cybercrime Investigation Department, in a joint six-week anti-scam operation from April 16 to May 31, 2026, collaborated with Coinbase, Coinhako, Gemini, Independent Reserve, OKX, StraitsX, and Upbit. Using blockchain analysis tools from Chainalysis and TRM Labs, they identified potential scam victims and conducted over 145 targeted interventions via phone and in-person methods, preventing potential losses exceeding 4.2 million USD. Coinbase Singapore posted on X on July 10, stating that it worked with the Singapore police to prevent over 145 people from losing a total of more than 4.2 million USD due to scams. The Singapore police stated that they will continue to collaborate with cryptocurrency exchanges and other private sector entities to combat cybercrime. (Bitcoin.com News).