Coinbase and Singapore Police Block $4.2M Crypto Scam Losses in 145+ Rescue Cases
The post Coinbase and Singapore Police Block $4.2M Crypto Scam Losses in 145+ Rescue Cases appeared on BitcoinEthereumNews.com. 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. Coinbase, the leading U.S. cryptocurrency exchange, announced information about a partnership between it and the Singapore Police Force that helped deter scams involving the loss of over $4.2 million by over 145 individuals. Trust is the foundation we build on at Coinbase. Over the past 6 weeks, Coinbase worked closely with the @SingaporePolice Anti-Scam Centre and Cyber Investigation Branch on a joint anti-scam operation. Together, we stopped 145+ people from losing a combined $4.2M+ to scams.… pic