Singapore police and the FBI strengthen blockchain intelligence sharing to prevent potential losses of about 2.7 million dollars

The Singapore Police Force and the Federal Bureau of Investigation signed a memorandum of understanding to strengthen joint actions, intelligence sharing, training, and law enforcement assistance in online scams, cyber fraud, and money laundering cases.

The two parties completed a joint operation targeting cross-border cryptocurrency fraud in Singapore and the United States, identifying 54 victims and potential victims through information sharing and blockchain intelligence, and preventing potential losses of approximately 2.7 million USD in the United States and about 388,000 SGD in Singapore.