Singapore Police, FBI Prevent $2.7M in Crypto Fraud Losses in July Joint Operation

According to The Independent, the Singapore Police Force and U.S. Federal Bureau of Investigation signed a memorandum of understanding on July 24 to strengthen cooperation on online fraud, cybercrime, and money laundering cases. During a joint operation completed in July targeting cross-border crypto fraud affecting Singapore and the United States, the agencies identified 54 victims and potential victims through shared blockchain intelligence, preventing approximately $2.7 million in potential losses in the U.S. and SGD 388,000 in Singapore.
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