Chainalysis and Singapore Police Stop $2.86M Crypto Scam Wave: Details

Singapore Police and Chainalysis blocked $2.86M in crypto scam losses in just one month through real-time blockchain analysis.

The Singapore Police Force made a major move against crypto-enabled fraud. 

Working alongside blockchain analytics firm Chainalysis, authorities ran a one-month anti-scam operation. It ran from March 16 to April 15, 2026. 

The result? 

Over $2.86 million in potential losses were stopped before victims ever lost a cent. More than 90 people received direct intervention during that window.

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How Singapore Police Used Blockchain Tools to Catch Scammers

The operation brought together the Anti-Scam Centre (ASC) and the Cyber Investigation Branch (CIB). 

Both units partnered with several major crypto exchanges. Those included Coinbase, Coinhako, Gemini, Independent Reserve, StraitsX, and Upbit. 

Officers used blockchain analysis tools from Chainalysis and TRM Labs to trace suspicious activity. This gave investigators a clear, real-time picture of where funds were moving.

Speed played a huge role here. 

The quick flow of information between law enforcement and the exchanges allowed rapid victim identification. Officers then reached out directly, both by phone and in person. 

That fast response stopped further losses before they compounded.

Investment, Romance, and Job Scams Were All in the Crosshairs

The operation did not target just one scam type. 

Investigators went after four distinct categories. These included investment scams, job scams, romance scams, and government impersonation scams. 

Each of these fraud types increasingly relies on cryptocurrency to move stolen funds. Crypto’s speed and cross-border reach make it attractive to bad actors.

Victims came from across these categories. Some believed they were investing in legitimate platforms. Others thought they were communicating with government officials. 

A few had fallen for fake job offers. Each case required a different intervention approach, but the blockchain tools helped connect the dots quickly.

Singapore Strengthens Its Public-Private Anti-Scam Framework

According to the press release, this operation marks a significant step forward. It shows how law enforcement and private sector firms can work together effectively. 

The collaboration model is now a reference point for tackling tech-driven fraud. Singapore’s approach leans heavily on real-time data sharing, which proved critical here.

The Singapore Police also reminded the public to follow the “ACT” framework. ACT stands for Add security features, Check for signs, and Tell authorities about scams. 

Awareness remains a frontline defense, even as technology catches up with criminals. The Police stressed that proactive prevention is just as important as post-crime investigation.

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