TechFlow News: According to the Singapore newspaper Lianhe Zaobao, on April 25, the Singapore Police Force’s Anti-Scam Centre and Cybercrime Investigation Division, in collaboration with cryptocurrency platforms including Coinbase, Coinhako, StraitsX, and Upbit, conducted a one-month special enforcement operation from March 16 to April 15 this year, successfully intercepting over S$2.86 million in scam proceeds. During the operation, authorities leveraged analytical tools from blockchain intelligence firms TRM Labs and Chainalysis to identify victims involved in various scam types—including impersonation of government officials, investment scams, job scams, and online romance scams—and carried out over 90 direct interventions via telephone and in-person contact.
The police stated that the success of this operation stemmed from a rapid information-sharing mechanism between law enforcement agencies and private-sector platforms, and emphasized their continued commitment to deepening public-private cooperation to counter increasingly sophisticated cryptocurrency-related scams.
