The Singapore police have joined forces with cryptocurrency platform StraitsX to combat money laundering through digital currencies. From May 13th to May 30th, the joint operation successfully seized over S$200,000 and investigated 49 individuals. These suspects include 35 men and 14 women aged between 18 and 58. Preliminary investigations indicate they opened and transferred cryptocurrency accounts or Singpass accounts for rewards ranging from $400 to $3,000. They frequently used platforms like Telegram or WhatsApp to communicate with unknown individuals, providing account screenshots, personal information, and access permissions. These accounts were then exploited for laundering proceeds derived from scams. 62 suspicious crypto transactions were traced by StraitsX’s enhanced technology solutions enabling law enforcement to quickly identify and track them.