Singapore Police, in Joint Anti-Fraud Operation with Exchanges Such as Coinbase and OKX, Prevent $17.4 Million in Losses

According to TechFlow, The Block reported on November 06 that the Singapore Police Force said it successfully prevented approximately $17.4 million in fraud losses during a joint operation with cryptocurrency exchanges.

The police used blockchain analysis technology and customer data provided by platforms such as Coinbase and OKX to identify more than 383 fraud victims. In addition, the police shared intelligence with the U.S. Federal Bureau of Investigation (FBI), the New South Wales Police Force in Australia, and the Canadian Anti-Fraud Centre, identifying a further 32 overseas victims.

Source: TechFlow