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Singapore Police and crypto platforms freeze more than S$2.86 million in scam proceeds in month-long sweep

Singapore's Anti-Scam Centre, working with the police cybercrime investigation unit and several cryptocurrency platforms, has intercepted more than S$2.86 million linked to crypto-enabled scams. In a statement released on Thursday, April 23, the Singapore Police Force said it carried out a month-long enforcement operation from March 16 to April 15 with support from Coinbase, Coinhako, StraitsX and Upbit. Investigators used blockchain analytics tools from TRM Labs and Chainalysis to trace transactions and identify victims through advanced on-chain analysis. Cases involved scams such as impersonation of government officials, investment fraud, job scams and romance scams, according to Lianhe Zaobao.
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