Police, crypto firms and foreign law agencies foil over $17.4m in potential scam losses

Fifth joint operation by police, crypto exchanges stops scam victims from losing over $17.4 million

Singapore police and crypto exchanges stop scams, helping 383 victims avoid losing over $17.4 million in a joint crackdown. Read more at straitstimes.com.

Police, crypto firms and foreign law agencies foil over $17.4m in potential scam losses

The police have disrupted scam attempts involving some 383 victims during a two-month-long operation which ended on Oct 31, preventing potential losses of over $17.4 million.In a news release on Thursday (Nov 5) evening, the police said they partnered with digital payment token (DPT) service providers and foreign law enforcement agencies, for the operation which began on Sept 1.The DPT...

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

Blockchain analysis and exchange customer data helped identify more than 383 victims. Shared intelligence helped identify 32 foreign victims.

Singapore Uses Blockchain Analysis to Prevent S$17.4M in Scam Losses

More than S$17.4 million in potential crypto scam losses were averted after Singapore police reached people before they transferred additional funds. The result came from a two-month operation combining blockchain analysis, exchanging customer information, and rapid police intervention, offering a model for tackling fraud before more money disappears. How Police Identified 383 Potential Scam Victims  […] Read The Full Article Singapore Uses Bloc…

SPF cyber operation detects 383 scam victims & prevents over S$17.4 million in potential losses

The SPF said the results highlight the importance of public-private partnerships. The post SPF cyber operation detects 383 scam victims & prevents over S$17.4 million in potential losses appeared first on MS News - Independent News For Singaporeans.