Singapore's Anti-Scam Centre and Cyber Investigation Branch, in partnership with crypto exchanges and foreign agencies, stopped over S$2.9 million in potential cryptocurrency scam losses during a June 2026 operation. The proactive effort identified more than 130 victims and showcased the effectiveness of real-time blockchain analysis, cross-border intelligence sharing, and swift victim intervention against transnational cybercrime syndicates.
The Singapore Police Force's Anti-Scam Centre (ASC) and Cyber Investigation Branch (CIB) conducted OperationIDENTITY in June 2026, a proactive anti-cryptocurrency scam operation that prevented over S$2.9 million in potential losses.
Working with seven cryptocurrency exchanges and two foreign law enforcement agencies, officers tracked suspicious cryptocurrency flows across various scam types, including government official impersonation, investment, and job scams. Through timely data sharing from exchanges, they identified more than 130 victims and contacted them via phone calls and in-person visits before funds could be transferred. This swift action leveraged blockchain analytics and real-time cooperation, stopping criminals from moving money out of reach.
Recognizing the transnational nature of crypto scams, SPF shared blockchain intelligence with the U.S. Federal Bureau of Investigation (FBI) and Australia's Cybercrime Squad of the New South Wales Police Force. This cross-border collaboration, based on a shared blockchain trail linking victims across jurisdictions, enables coordinated takedowns of transnational syndicates. The operation underscores the importance of sustained public-private partnerships as a core enforcement strategy, moving beyond traditional reactive policing that often fails when money moves within minutes.
SPF reaffirmed its commitment to proactive, intelligence-driven operations with exchanges, foreign agencies, and other stakeholders. The public is advised to stay vigilant, verify offers, and report suspicions to the ScamShield Helpline (1799) or Police Hotline (1800-255-0000)
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