Over 383 fraud victims identified... Singapore police collaborate with 8 entities including Upbit
Original headline사기 피해자 383명 넘게 확인…싱가포르 경찰, 업비트 등 8곳 공조
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Singapore police, working with eight crypto and digital-payment firms including Coinbase, Gemini, OKX, Upbit, Coinhako, DTCPay, Independent Reserve and StraitsX, identified more than 383 fraud victims and prevented over S$17.4 million (about US$13.4 million) in potential losses during a two-month joint operation from September 1 to October 31. The figure represents losses averted rather than funds recovered, according to The Straits Times. The operation was run by the police's cyber command alongside digital payment token service providers. It matters as a template for exchange-police coordination in flagging fraud early. Watch for whether Singapore extends or broadens the program and how other jurisdictions adopt similar public-private fraud-prevention tie-ups.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Singapore Police Force, Upbit, Coinbase (COIN), Gemini, OKX, Coinhako, Independent Reserve, DTCPay
A linked name opens that asset's sentiment page.