BroadChain learned that on April 25 at 14:45, the Singapore Police Force's Anti-Scam Centre and the Cybercrime Investigation Department, in collaboration with cryptocurrency platforms such as Coinbase, Coinhako, StraitsX, and Upbit, conducted a one-month special enforcement operation from March 16 to April 15 this year, successfully intercepting over 2.86 million Singapore dollars (approximately 15.4 million RMB) in scam proceeds.
During the operation, authorities utilized analytical tools from blockchain intelligence firms such as TRM Labs and Chainalysis to identify victims involved in various types of scams, including impersonation of government officials, investment fraud, job scams, and online dating scams, and carried out over 90 direct interventions through phone calls and in-person contacts.
The police stated that the success of this operation was attributed to the rapid information-sharing mechanism between law enforcement agencies and private platforms, and emphasized that they will continue to deepen public-private cooperation to address the increasingly complex cryptocurrency-related scam activities.