Singapore Sees 43% Drop in Crypto Scam Losses and Partnerships Like Ours Are Helping Drive the Change
TL;DR: Singapore’s crypto scam losses fell 43% year over year, from S$114.9 million to S$65.5 million, as a result of stronger enforcement, public education, and partnerships between the Anti-Scam Centre and industry leaders like Coinbase. Through four joint operations, Coinbase’s Global Intelligence team helped identify 720+ victims and prevent more than S$18.9 million in potential losses, while a new anti-scam awareness campaign reached Singapore retail customers.
Singapore's fight against scams is delivering real results. According to the Singapore Police Force's Anti-Scam Centre (ASC) Mid-Year Scam and Cybercrime Brief 2026, cryptocurrency scam losses fell 43% year over year, from S$114.9 million to S$65.5 million. The ASC attributes this decline in part to disruption work from partners and service providers, including Coinbase and our Global Intelligence (GI) team of investigators.
A whole-of-ecosystem approach to disruption
In the first half of 2026, the ASC:
Partnered with industry to disrupt impersonation scams, including the takedown of 47,500 mobile lines, 37,500 WhatsApp lines, 31,600 online monikers, and 52,200 malicious websites.
Investigated more than 2,900 money mules and scammers, charging approximately 470 individuals.
Alongside this industry collaboration, the ASC has formed a dedicated Cryptocurrency Tracing Team and sustained its public education efforts. Scams remain a dominant crime type in Singapore, and elderly victims continue to be the most vulnerable, suffering the highest losses.
Our partnership in action
Coinbase's Global Intelligence team partners with the ASC to reduce crime across Singapore's cryptoeconomy. Through four joint operations, our team helped identify more than 720 potential scam victims and prevent more than S$18.9 million in potential losses.
Our dedicated in-country GI staff have helped accelerate information exchange and intervention, while improving coordination across law enforcement and our internal teams.
Scaling prevention through education
Building on this work, we launched our first CBSG Anti-Scam Awareness Campaign in H2, reaching all Singapore retail account holders through email, push, and in-app notifications.
Looking ahead
We're grateful to the Singapore Police Force and the Anti-Scam Centre for their leadership and collaboration. Coinbase will continue investing in partnerships, intelligence, and education to protect our customers and build trust in the cryptoeconomy.
Read the Singapore Police Force press releases on our joint operations:
