Singapore Police and Exchanges Foil Nearly $9 Million in Scams

The Straits Times reported that Singapore police worked with crypto exchanges to block almost nine million dollars in scam losses. Officers and platform teams used blockchain tracing to identify suspicious transfers and halted the movements before the money reached the fraudsters. The effort focused on cases where victims had already sent funds under false pretenses. Multiple announcements from the newspaper described the same joint actions and outcome without providing further details on specific scams or arrests.