Singapore police block $2.1M in crypto scams over one month

According to Singaporean media outlet Zaobao, the Singapore Police Force, in collaboration with cryptocurrency platforms including Coinbase and South Korean exchange Upbit, has blocked approximately 2.86 million Singapore dollars ($2.11 million) in scam-related damages over a one-month period. During an intensive crackdown from March 16 to April 15, authorities utilized analytics tools from Chainalysis and TRM Labs to uncover investment fraud, impersonation of government officials, and job-related scams. Law enforcement directly intervened in more than 90 cases involving victims. Authorities described the effort as a significant step forward in anti-fraud response through public-private cooperation.