coinedition.com Singapore Police Block $4.2M in Crypto Scam Losses with Exchange Collaboration
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- •Singapore police prevented over $4.2 million in potential scam losses through a joint operation.
- •More than 145 targeted interventions were made to warn potential victims before funds were lost.
- •The operation utilized blockchain analysis tools from Chainalysis and TRM Labs to identify scams.
Singapore police, in collaboration with major crypto exchanges, prevented over $4.2 million in potential losses from various scams during an operation conducted from April 16 to May 31, 2026. The Anti-Scam Centre and Cyber Investigation Branch identified over 145 potential victims through advanced blockchain analysis tools provided by Chainalysis and TRM Labs. The operation targeted multiple scam types, including impersonation, investment, job, and love scams. Police contacted victims directly to warn them before funds were transferred. This operation marks the second joint effort between law enforcement and crypto exchanges, showcasing the effectiveness of public-private partnerships in combating financial crime. The police emphasized the need for continued collaboration as scam methods evolve. A new Cyber Command unit is set to begin operations in July 2026 to further enhance cybercrime investigations. The operation was officially reported on June 2, 2026.
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