SINGAPORE – Singapore’s collaboration with cryptocurrency exchange Coinbase is strengthening efforts to combat cryptocurrency-related fraud through intelligence sharing, early intervention and public awareness campaigns, as authorities report a 43 per cent year-on-year decline in cryptocurrency scam losses in the first half of 2026.

Losses fell from S$114.9 million in the first half of 2025 to S$65.5 million in the same period this year, according to the Singapore Police Force’s Anti-Scam Centre (ASC) Mid-Year Scam and Cybercrime Brief 2026.

The partnership between the ASC and Coinbase combines law enforcement capabilities with the cryptocurrency platform’s Global Intelligence team to identify potential victims, disrupt suspected scams and raise awareness of fraud risks among digital asset users.

Through four joint operations, Coinbase said its intelligence team helped identify more than 720 potential scam victims and prevent over S$18.9 million in potential losses.

The company’s dedicated in-country intelligence personnel have also helped accelerate information exchange and improve coordination between law enforcement officers and Coinbase’s internal teams, supporting timely interventions against suspected fraudulent activity.

Raising awareness among cryptocurrency users

Beyond operational cooperation, public education remains a key component of efforts to prevent cryptocurrency-related fraud.

Coinbase launched its first CBSG Anti-Scam Awareness Campaign in the second half of 2026, reaching all Singapore retail account holders through email, push notifications and in-app messages.

The campaign aims to help customers recognise potential scams and make more informed decisions when engaging with cryptocurrency investments and transactions.

Awareness initiatives are particularly important because scammers may impersonate trusted organisations, promote fraudulent investment opportunities or pressure victims into transferring funds to accounts or cryptocurrency wallets controlled by criminals.

By combining customer education with intelligence-led interventions, the partnership seeks to help users identify warning signs earlier and reduce the likelihood of financial losses.

Enforcement and intelligence sharing

The collaboration forms part of Singapore’s wider efforts to disrupt scam networks and strengthen its response to digital financial crime.

During the first half of 2026, the ASC worked with industry partners to disrupt impersonation scams, resulting in the removal of 47,500 mobile lines, 37,500 WhatsApp lines, 31,600 online monikers and 52,200 malicious websites.

Authorities also investigated more than 2,900 suspected money mules and scammers, with approximately 470 individuals charged.

Singapore has additionally established a dedicated Cryptocurrency Tracing Team to strengthen efforts to trace digital assets linked to suspected criminal activities.

Although cryptocurrency scam losses have declined, scams remain a significant concern, with elderly victims continuing to experience the highest financial losses.

Coinbase said it would continue investing in partnerships, intelligence capabilities and education to protect customers and strengthen trust in the cryptocurrency ecosystem.

The collaboration illustrates how cooperation between law enforcement and private-sector platforms can support a more comprehensive response to cryptocurrency fraud, combining public awareness, information sharing and operational disruption to protect consumers and tackle emerging threats.