The Singapore Police Force's Anti-Scam Centre, in collaboration with its Cyber Investigation Department, has seized S$2.86 million in fraudulent funds through a targeted operation involving major crypto platforms. From March 16 to April 15, the operation partnered with Coinbase, Coinhako, StraitsX, and Upbit, utilizing tools from TRM Labs and Chainalysis to identify scam victims and execute over 90 interventions.
Authorities highlighted the success of the operation, attributing it to effective information-sharing between law enforcement and private platforms. The police emphasized their commitment to enhancing collaboration to further combat cryptocurrency fraud.
Singapore Police Seize $2.86 Million in Crypto Fraud Operation
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