SINGAPORE – More than $2.9 million in potential losses were prevented in June, in an anti-scam operation between the police and several cryptocurrency exchanges.

Over 130 victims were identified during the operation from June 1 to 30, the Singapore Police Force said on July 5.

Its Anti-Scam Centre and Cyber Investigation Branch worked with cryptocurrency exchanges, including Coinbase, Coinhako, Gemini, Independent Reserve, OKX, StraitsX and Upbit, in their third such operation.

Officers identified victims across multiple scam types, including those involving government officials impersonation, investments and jobs, through advanced blockchain analysis.

These victims were contacted by the police via phone calls and in person.

The police…