Over $7M In Crypto Scams Thwarted As Singapore Launches Second Crackdown
Over $7 million in potential losses has now been stopped across two back-to-back operations after Singapore’s Anti-Scam Centre and Cyber Investigation Branch joined forces with some of the world’s biggest crypto exchanges to intercept scams before victims lost their funds. Related Reading: $52M Ethereum Bet Comes As Tom Lee Says ETH Isn’t Reflecting Its Potential […]
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The government of Singapore has revealed the number of crypto scams reported to the police in the past three years. “The vast majority of cryptocurrency scams are perpetrated by scammers based outside Singapore. As such, there is a limit to how much law enforcement agencies in Singapore can do,” said Singapore’s minister for home affairs. Singapore Government’s Data on Cryptocurrency Scams The Singaporean government has revealed the number of reports related to cryptocurrency scams the police received in the past three years. In a written reply to a parliamentary....
Arizona is rolling out a new law aimed at cutting down scams that use crypto kiosks. According to reports, state officials say residents lost about $177 million to schemes tied to crypto ATMs. Related Reading: Crypto Gamble Wipes Out 87% Of Smart Digital Group’s Market Value There are roughly 600 of those machines across the […]
More than $12 million in suspected criminal proceeds has been frozen after a joint US, UK and Canadian crackdown targeted crypto approval phishing scams that affected more than 20,000 people, according to the UK’s National Crime Agency. The operation also identified more than $45 million in cryptocurrency fraud tied to the same network of scams. […]
The Department of the Interior of Uruguay is taking steps to warn users about the danger they face when investing in certain crypto projects that could be scams. The campaign is called “Fake Coins: Cryptocurrency Scams” and seeks to educate the population about the most common kinds of crypto scams.
Uruguay Educates on Crypto-Related Scams
More and more government bodies are becoming aware of how some parties are using crypto to execute different kinds of scams, and also more of these institutions are working to educate citizens on this fact. The Ministry of the....
The International Criminal Police Organization (Interpol) has successfully conducted a continent-wide cybercrime crackdown in Africa, targeted against illegal cryptocurrency mining operations, inheritance scams, and fraudulent investments. Coordinated under the code name Serengeti 2.0, the three-month operation ran from June to August 2025, leading to more than 1,200 arrests and the recovery of close to $100 […]