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Singapore Police Say Crypto Exchanges Helped Prevent $17.4 Million in Scam Losses

Singapore Police Say Crypto Exchanges Helped Prevent $17.4 Million in Scam Losses

Photo: TokenPost

The Singapore Police Force said a joint operation with crypto exchanges prevented $17.4 million in scam losses. Investigators used blockchain analysis and customer information from Coinbase, OKX and other platforms to identify the victims. Information shared with the FBI, New South Wales Police Force and Canadian Anti-Fraud Centre helped identify 32 foreign victims. Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost

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