Coinbase said its work with Singapore’s Anti-Scam Centre helped identify potential cryptocurrency scam victims and prevent losses, linking its role to a broader drop in crypto scam losses in Singapore.

Figures from the Singapore Police Force’s Anti-Scam Centre show that cryptocurrency scam losses in Singapore fell 43% year on year, from S$114.9 million to S$65.5 million. The centre attributed the decline to stronger enforcement, public education and disruption work with industry partners.

In the first half of the year, the Anti-Scam Centre worked with industry groups on impersonation scams, leading to the takedown of 47,500 mobile lines, 37,500 WhatsApp lines, 31,600 online monikers and 52,200 malicious websites. It also…