Which cryptocurrency scam schemes did the July 2026 joint operation disrupt?

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Joint Operation Targeted Transnational Cryptocurrency Scams

The joint operation between the Singapore Police Force (SPF) and the US Federal Bureau of Investigation (FBI) in July 2026 successfully disrupted transnational cryptocurrency scams. While the specific types or names of the cryptocurrency scam schemes were not detailed, the operation focused on combating cyber-enabled fraud and money-laundering cases. This collaboration highlights a commitment to addressing sophisticated criminal activities that cross international borders.
Deepened Cooperation Agreement Signed

The SPF and FBI formalised their commitment to tackling financial crimes by signing an agreement to deepen cooperation. This accord reflects a long-standing and robust partnership, encompassing joint operations, information sharing, training initiatives, capacity-building, and mutual assistance in combating transnational criminal syndicates. The memorandum of understanding symbolises a shared resolve to interdict and disrupt illicit activities targeting citizens in both nations.
Successful Disruption of Cryptocurrency Scams

The July 2026 joint operation specifically targeted transnational cryptocurrency scams that affected victims in both Singapore and the United States. Through the exchange of information and blockchain intelligence, the operation identified a total of 54 victims and potential victims. This collaborative effort was instrumental in preventing substantial financial losses.
Significant Financial Losses Prevented

The joint operation successfully prevented an estimated US$2.7 million in losses within the United States and S$388,000 in Singapore. The success of this operation underscores the effectiveness of intelligence sharing and coordinated action between law enforcement agencies in combating sophisticated financial crimes, particularly those involving cryptocurrencies.

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Which cryptocurrency scam schemes did the July 2026 joint operation disrupt?

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