Singapore police team up with exchanges including Coinbase and OKX for anti-scam operation, preventing US$17.4 million in losses
Original headline新加坡警方联合 Coinbase、OKX 等交易所开展反诈骗行动，阻止 1740 万美元损失
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Singapore police, working with Coinbase, OKX and other exchanges, blocked roughly $17.4 million in scam losses in a joint operation that used blockchain analytics and customer data to identify more than 383 fraud victims. Intelligence sharing with the FBI, New South Wales Police and the Canadian Anti-Fraud Centre surfaced another 32 victims overseas. The case highlights how exchanges' transaction data and cross-border coordination are becoming central to crypto fraud recovery, not just tracing. Watch whether similar public-private task forces expand across Asia and whether recovered funds translate into measurable restitution for victims.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Singapore Police Force, OKX, Coinbase (COIN), FBI, New South Wales Police Force, Canadian Anti-Fraud Centre
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