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

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/51237
Published: 2026-11-08T01:14:01.000Z
Updated: 2026-11-08T01:14:01.000Z
Section: Technology

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

The Singapore Police Force said a joint operation with crypto exchanges prevented $17.4 million in scam losses.

Investigators used blockchain analysis and customer information from Coinbase, OKX and other platforms to identify the victims.

Information shared with the FBI, New South Wales Police Force and Canadian Anti-Fraud Centre helped identify 32 foreign victims.