Singapore’s police force joined forces with cryptocurrency platform StraitsX in a joint operation spanning May 13th to 30th to combat illicit money laundering using cryptocurrencies. The operation resulted in the seizure of over S$200,000 in cash and led to the arrest of 35 men and 14 women, aged between 18 and 58, who are currently cooperating with investigations. Preliminary findings suggest that these individuals were allegedly facilitating money laundering by allowing others to use their cryptocurrency or Singpass accounts for payments ranging from S$400 to S$3,000. The suspects reportedly received instructions and personal information from unknown parties through Telegram or WhatsApp.