According to Coinbase's official blog, Singapore's Anti-Scam Centre (ASC) reported that cryptocurrency fraud losses dropped 43% year-over-year in the first half of 2026, declining from 114.9 million SGD to 65.5 million SGD. The improvement was attributed partly to industry partnerships that shut down 47,500 phone lines, 37,500 WhatsApp accounts, and 52,200 malicious websites, while investigating over 2,900 money mules and scammers. Coinbase's global intelligence team conducted four joint operations with ASC, identifying over 720 potential victims and helping intercept approximately 18.9 million SGD in potential losses.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.