Coinbase and Singapore Police Block $4.2M Crypto Scam Losses in 145+ Rescue Cases

2 hours ago 2

Rommie Analytics

Key Takeaways:

  • In a six-week operation with Singapore Police, Coinbase prevented the loss of over $4.2 million through fake mobile apps.
  • Advanced blockchain analytics identified and protected more than 145 suspected victims of scams.
  • The operation underscores the growing partnership between crypto exchanges and law enforcement agencies in their fight against fraud.